Appetite For Distraction

Posted by John Mauldin - Things That Make You Go Hmmm…..

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“Nobody really understands gold prices, and I don’t pretend to understand them either.”

– Ben Bernanke

mon·ey (mŭn′ē)

1. A medium that can be exchanged for goods and services and is used as a measure of their values on the market, including a commodity such as gold, an officially issued coin or note, or a deposit in a checking account or other readily liquefiable account.

2. The official currency, coins, and negotiable paper notes issued by a government.

3. Assets and property considered in terms of monetary value; wealth.


“There’s fool’s gold — pyrite — and then there’s fool’s gold — gold owned by idiots willing to trade it for worthless dollars.”

– Jarod Kintz, This Book Has No Title

“The desire of gold is not for gold. It is for the means of freedom and benefit.”

– Ralph Waldo Emerson


…..for the entire essay and charts go HERE