---
title: "Gold: Papered Over for the Dance"
url: https://independentstockanalysis.com/gold-papered-over-for-the-dance/
description: "In 2011 U.S. government unfunded liabilities grew by $11 trillion ( Bloomberg ). Political promises are never retracted; instead the default will be…"
published: 2012-09-05
updated: 2012-09-05
---

# Gold: Papered Over for the Dance

Published 2012-09-05

Posted on

by

J.J. Butler

In 2011 U.S. government unfunded liabilities grew by $11 trillion ([Bloomberg](http://www.bloomberg.com/news/2012-08-08/blink-u-s-debt-just-grew-by-11-trillion.html)). Political promises are never retracted; instead the default will be **papered over** through debasement.

Don Coxe on gold in the [Gold Report](http://www.theaureport.com/pub/na/14248).

The title on one of the most well read investment blogs: Why you won’t find hyperinflation in democracies ([Reuters](http://blogs.reuters.com/felix-salmon/2012/09/03/why-you-wont-find-hyperinflation-in-democracies/)). Meanwhile, *ISA*subscribes to Bill Fleckenstein’s school of thought: “In a *social democracy* with a fiat currency all roads *lead* to inflation.”

Paul Krugman in the [New York Times](http://krugman.blogs.nytimes.com/2012/09/01/woodford-on-monetary-policy-sort-of-wonkish/): “the central bank needs to credibly promise to be irresponsible.”

Jim Rogers claims the Fed has already started QE3: [Money News](http://www.moneynews.com/StreetTalk/Rogers-Fed-QE3-easing/2012/09/04/id/450676). Toby Connor’s take: Gold Scents. How to ride the gold wave and minimize risk at [Gold Silver Worlds](http://goldsilverworlds.com/gold-silver-insights/how-to-ride-the-gold-wave-and-minimize-risk/).

Powerful long term monthly and CPI adjusted gold charts: [Trader Dan](http://traderdannorcini.blogspot.be/2012/08/monthly-gold-charts.html).

ECB Plan Said to Pledge Unlimited, Sterilized Bond-Buying ([Bloomberg](http://www.bloomberg.com/news/2012-09-05/ecb-plan-said-to-pledge-unlimited-sterilized-bond-buying.html)). Now, I don’t know what all that means. But it sure sounds like steps on the **papered over** path. That, and tomorrow looks to be a big day.

The Miners Look Ready to Dance by [Greg Harmon](http://dragonflycap.com/2012/09/04/the-miners-look-ready-to-dance/).

Your Window to Buy Gold Below $1,700 Is Closing says [Jeff Clark](http://www.caseyresearch.com/articles/your-window-buy-gold-below-1700-closing?ppref=CRX410ED0812A) and a [chart](http://stocktwits.com/message/9351458).