[QUOTE=xilman;344634]For the last few decades the gold price has been denominated in dollars. Strong gold is equivalent to weak USD and vice versa.[/QUOTE]
If I were to actively make a comparison, I'd do it by the weight of gold. So if a person were worth $10k in 1950 and $50k in 2013, I'd determine who was better off by how much gold they could buy in their respective years with the money they had at that time.

Mind you, I don't literally own gold at the moment, I don't think my assets are enough to where tying up my money in gold would be a good idea. But my basic idea is that when gold goes up, the economy is either going bad or about to go bad, and when gold goes down, it means the economy is improving, or about to improve. I mean the world economy, not just the US economy, so locally things could run contrary to the gold predictions without me being wrong.

Of course, the problem is,"What happens if a large chunk of the population thinks my theory is top-notch and starts buying and selling gold themselves?" Then, of course, my theory goes to shit. It may have already gone to shit, my research happened 20 years ago, and consisted of me noting gold prices for different time periods and then picking the brains of people who remembered that time about the economy. Not exactly scientific, although I didn't tell them why I was asking.

What does PM and ETF stand for? Also, I've never heard of Zero Hedge. I'm guessing, but not assuming, that you think I've heard of these magazines, or websites, or whatever they are.

I googled "What does MET mean?" and got this:

[url]http://www.abbreviations.com/MET[/url]

I'm assuming the acronym is financially related, but nothing jumps out.

I googled "What does MET mean?" and got this:

[url]http://www.abbreviations.com/MET[/url]

I'm assuming the acronym is financially related, but nothing jumps out.

Wait, Metal Equities Trading? Is that what it stands for?

[QUOTE=jasong;344679]I googled "What does MET mean?" and got this:

[URL]http://www.abbreviations.com/MET[/URL]

I'm assuming the acronym is financially related, but nothing jumps out.[/QUOTE]At the top of this page:

[URL="http://www.mersenneforum.org/index.php"]mersenneforum.org[/URL] > [URL="http://www.mersenneforum.org/forumdisplay.php?f=27"]Extra Stuff[/URL] > [URL="http://www.mersenneforum.org/forumdisplay.php?f=20"]Soap Box[/URL]
[b]Mystery Economic Theater 2013[/b][URL="http://www.mersenneforum.org/showthread.php?p=344679#post344679"][/URL]

[QUOTE=cheesehead;344684]At the top of this page:

[URL="http://www.mersenneforum.org/index.php"]mersenneforum.org[/URL] > [URL="http://www.mersenneforum.org/forumdisplay.php?f=27"]Extra Stuff[/URL] > [URL="http://www.mersenneforum.org/forumdisplay.php?f=20"]Soap Box[/URL]
[b]Mystery Economic Theater 2013[/b][URL="http://www.mersenneforum.org/showthread.php?p=344679#post344679"][/URL][/QUOTE]
lol, ok, so the research hint was mis-followed.

Reading jasong's posts is entertaining in a twisted way.

On a more relevant note, the collapse in precious metals prices is on the verge of triggering another massive selloff. So far, the impact of falling prices has been compartmentalized with little effect on the broader market. But this may change if PM's implode with a price collapse below $800. There is a high probability of market damage that could drive people back into cash positions. Thoughts?

[QUOTE=ewmayer;345497][B]Samedi rêveries:[/B]

[URL="http://www.nytimes.com/2013/07/07/opinion/sunday/dowd-goodbye-old-world-bonjour-tristesse.html?ref=opinion"]Frenchistential Crisis[/URL]

Ms. Dowd notes economic themes in her piece, thus quite on-topic despite the jesting tone.
[/QUOTE]

This may be the funniest Dowd piece I've seen since the one which involved George HW, Babs, Baker, and maybe Pickles trying to coax W out of his locked office to do something sensible regarding the Middle East, while the dog, trapped in the office with W, scratches at the door to be let out.

Perhaps I can look that up via Dan's subscription access.

[QUOTE=ewmayer;346412][i][sup]*[/sup]Note that "God's Work" is an official trademark of Goldman, Sachs Inc.[/i][/QUOTE]

Just wondering ewmayer...

When are you going to go beyond commentary, and begin making explicit comment?

Like a child's toy... Just wind them up a little bit, and watch them go....

definitely not the energizer bunny though.