So, how is the economy doing?

We hear a lot about national debts and budget deficits these days. So, how are the western economies doing? Really?

Take a look at this. This is a chart of gold prices over the last 10 years. Notice anything?

Gold is now worth six times what it was 10 years ago. Wow! And it looks like it is still going up. I wonder if this is a comment on the state of our economies - you know - by people who understand these things? What is wrong with good old paper money, eh? Why would people be buying up so much gold?

Go figure!