---
title: "Golden Riddle"
url: https://independentstockanalysis.com/golden-riddle/
description: "Question: What is more bullish than continuous money printing? Answer: An ever increasing rate of money printing! Here the history of bringing NGDP to the…"
published: 2012-09-18
updated: 2012-09-18
---

# Golden Riddle

Published 2012-09-18

Posted on

by

J.J. Butler

Question: What is more bullish than continuous money printing?

Answer: An ever **increasing rate** of money printing! Here the history of bringing NGDP to the mainstream blogosphere: [Economist](http://www.economist.com/blogs/freeexchange/2012/09/monetary-policy-4).

NGDP will be the next step. What is NGDP? [WSJ](http://blogs.wsj.com/economics/2011/10/27/what-is-ngdp/)

All Signs Pointing to Gold by [Frank Holmes](http://www.usfunds.com/investor-resources/investor-alert/all-signs-pointing-to-gold/).

Gold hit an all-time high in Euro’s last week: [Gold Money](http://www.goldmoney.com/gold-research/newsdesk/euro-gold-price-taking-off.html?utm_source=twitterfeed&utm_medium=twitter). BoA/Merrill Lynch sees 24-month gold target of $2,400/oz at [Platts](http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/8731518).

“…gold derives its value as a put on government finances. The more egregious the fiscal and monetary policy, the more valuable gold becomes.” ([CFA Institute](http://blogs.cfainstitute.org/investor/2012/09/05/gold-investing-whats-the-barbarous-relic-really-worth/?CFID=317255&CFTOKEN=60789334)) The federal deficit chart totally blows up in the next recession ([James Turk](http://www.fgmr.com/cyclical-or-structural.html)).

Bill Bonner on How a Zombocracy Ends at the [Daily Reckoning](http://www.dailyreckoning.com.au/how-a-zombocracy-ends/2012/09/17/).

Fiat Money Kills Productivity: [Azizonomics](http://azizonomics.com/2012/06/27/fiat-money-kills-productivity/).

At the risk of getting political, the inflation tax on the poor needs to be explained much better: How Quantitative Easing Helps the Rich and Soaks the Rest of Us ([Reason](http://reason.com/archives/2012/09/13/occupy-the-fed)). Donald Trump Says Quantitative Easing Will Mainly Help The Rich ([Business Insider](http://www.businessinsider.com/quantitative-easing-will-be-bad-for-you-2012-9)).

For John:

**U.S. Balks at GM: Plan Government Is Reluctant to Sell Auto Stake at a Huge Loss** *Source:*WSJ

*ISA* is watching the industrial metals too. BHP turns bullish with classic breakout at [CMC Markets](http://blog.cmcmarkets.com.au/2012/09/18/bhp-turns-bullish-with-classic-breakout/). Also, 2012: The Year of the Housing Recovery, Updated by [Mark Perry](http://mjperry.blogspot.com/2012/09/2012-year-of-housing-recovery.html).