Seven-fold increase in gold needed to avert depression

[zengrifter]

Peter Millar: Seven-fold increase in gold
needed to avert debt depression

Daily Dispatches 7p ET Wednesday, February 21, 2007

Dear Friend of GATA and Gold:

While it is almost a year old, a study of the enduring importance of gold in the world economic system by R. Peter W. Millar, founder of Valu-Trac Investment Research Ltd. in Scotland (www.valu-trac.com), seems ever more compelling, and Millar graciously has agreed to let it be shared with you.

Millar stresses the periodic upward revaluation of gold as the mechanism for defeating a deflationary debt depression at the end of an economic cycle. Millar writes:

"The first cycle unfolded as follows:

"-- Phase 1: Stability under a gold standard until 1914.

...more - http://www.gata.org/node/4843

[Brutus]

I read this article recently entitled "Debt-market bomb".
Jim Jubak makes a few good points, but brushes over the most volatile.
...the answer is the intrinsic value of gold.
Personally, I would like to know who is paying him to write stories like that?
You have to read between the lines.

http://articles.moneycentral.msn.com...ll.aspx?page=1