Question : Are We Going Back To The Gold Standard ?
Jim Rogers : I think it's unlikely. I know there are lots of people who would like to return to the gold standard, but the problem with the gold standard is that it always had problems, too. Politicians can always figure out ways to try and cheat us, the poor citizens. - in MoneyNews
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Tuesday, June 19, 2012
Monday, June 18, 2012
Peter Schiff : Buy Gold Now or you will be chasing it later
Peter Schiff : I own a lot of gold i own a lot of gold stocks , over the last 6 months to a year they have not gone up in fact the gold stocks have gone down , over a longer time period of course over the last ten years gold has done very very well , so a lot of these problems have been anticipated in the gold market for years , why it has not had a bigger move recently ? I think that has more to do with the relative strength of the dollar versus other fiat currencies which I think is temporary , I also think people are fooled in thinking that us treasuries represent a safe heaven alternative to gold , people who are piling up treasuries are going to regret it that bubble is going to burst , I am confident that eventually people will find their way back to gold as a safe heaven
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Peter Schiff
Gold after the Greek Vote - Now What ?
Now that Greece has voted to stay in the Euro zone what are the perspectives for gold ? the fundamentals are strong enough to support the current levels above $1600 /oz and may be we could even see some rally in gold prices while waiting for Ben Bernanke's speech so it is a wait and see situation right now......
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