40 Years ago Nixon ended The Gold Standard

Discussing whether it is time to get back to gold standard , with Jared Bernstein, CNBC contributor; and John Tamny, Real Clear Markets. "It was a monumental blunder, the biggest of modern times. leaving gold was a devaluation of the dollar and as history shows when money is devalued, investment becomes defensive. it flows into the hard assets of yesterday that already exist and away from the innovative ideas of tomorrow in assets that don't exist, leaving gold restrained, our economic evolution and it shows up in the numbers that you just cited. we've grown less quickly, unemployment's been higher. it's been a major disaster and it's time to turn back " says John Tamny



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : Gold headed to $10,000/oz

Peter Schiff : I am an unapologetic gold bull , I have been bullish on gold for ten years , and what's happening makes me more bullish because Europe is becoming more like the United States , what's Europe is saying is the nation that share the Euro Currency they will not be allowed to default no matter how much money they borrow the European bank will simply print Euros to pay it off , so they are going to inflate rather than default , they are going to make the Euro almost as weak as the dollar , now I might just have to say instead of going to $5000 may be Gold goes to $10000, Gold is safety it is money ...

Forty Years after Bretton Woods, Gold always King

Today Monday and Tomorrow Tuesday , Aug 15th and 16th. is the exact fortieth anniversary of Nixon's taking us off the gold standard and forty is a very magical mystical and powerful number in numerology and many religions. With some research, we see that the Dow jumped over ten percent on the following day after Aug 15th, 1971. Good chance of a similar occurrence in the next couple of days only this time the Dow may go the opposite way and gold skyrocket....or vice a versa.

the 40th anniversary of the end of the gold standard,






Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)