[quote=Jim H]In the end, I think Barry is just unable to imagine the US as Zimbabwe, or Argentina… and it is this failure of imagination that limits his ability to understand Gold better.
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Jim,
This quote is an idea that always makes me scratch my head.
In my mind, gold is insurance - at least physical gold. Paper gold is an investment choice, unless you can choose delivery. But physical gold, that's insurance.
But it makes me feel like we've got fathead sized tinfoil hats on when we use Zimbabwe as an example. Even Argentina to an extent. There is so much room between the US and those two countries that it's difficult to make the leap.
How are they a relevant example? I enjoy your posts and the information you share, so hoping you, or anyone, can make sense of the example. To me, it's simply scope that makes the example a bit silly.