The "Minsky Moment". As Friedman put it "debt feels good until it doesn't". To me, the situation can be described as 'you can't solve a debt problem [GFC] with another debt problem'. During the Great Depression among other things, the Fed lowered margin requirements back to 50% from a bubble-inducing prior 90%. The point is the country rebuilt their balance sheets. Now, the world has done anything but - and another debt problem will not solve a debt problem - it's just compounding it and the inevitable.

"Wouldn’t using gold as a hedge against the Fed be a bit like fighting the Fed?"

If so it's been a generally successful fight if you pick your times right

I don't remember any economics books covering the topic of negative interest rates. Negative interest rates means that the currency is worth less than face value, which it has been since Nixon was President. That is why gold and silver are rising, fear among the savers, who figured out where the bankers are going.

So what is a reasonable estimate on how high gold will increase in value?

Golds blowing up. Are treasuries doing the same today? If so, sounds like a lot of money running for safety. What's changed? What do they know that I don't?

The miners are up today, not as strong as I would like but at least they are participating. Yesterday some of them were actually down on the day but not today. My only complaint is they should be a lot higher based on a gold price of $1500.

The talk is starting to worry me. "how high gold..." "Gold's blowing up..." "what of the gold price with QE4?" Been down this road before. Maybe it will be different, but get ready for the opposite of what you think should happen.

Historically the price of gold appears to be quite well correlated to the US debt ad debt ceiling. Gold seems to be playing catch-up at the minute

Will you submit it if I ask the question again? A fair question don’t you think?

Ok where was the yield on the 10 year note back in 2011 when gold was at its record above 1900?