Friday, October 14, 2011

Return to Gold Standard—Gold Would Hit $10,000!

Good Article - reposted from

Return to Gold Standard? Why Price Would hit $10,000

By: John Melloy
Executive Producer, Fast Money & Strategy Session

All the major countries in the world are in a race to debase their currencies in order to restart their economies. Either economic growth returns or—as some doomsayers predict—the 40-year run of fiat currencies ends.

And if under this worst case scenario the solution was to return to the gold standard of the Nixon years, the price of bullion would be worth $10,000-plus, six-times the current price, according to Paul Brodsky, co-managing member of QB Asset Management company and a self-professed ‘Gold Bug.’

...Read more here...

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