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Peak Oil

  • Fri, Jan 03, 2014 - 11:59am

    #22
    gbcm

    gbcm

    Status Member (Offline)

    Joined: Sep 03 2009

    Posts: 35

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    Peak Oil

Ken,

I hate to be a grinch, but peak oil invalidates the historic oil / gold ratio – after peak gold the world goes on , after peak oil really hits, the world will never be the same. Also, modern fiat currencies are not like the pre-electronic ones (see previous posts) – the historical narrative so beloved by the gold camp has many theories – the latest one that is a real hoot is that the gold takedown was organized by the Chinese to secure cheap gold – novel I admit but without a shred of evidence.

Cheers, GB.