Kris Tuttle

How Does $9000 Gold Sound?

This is all crazy talk. But one should realize that we are not really in a dollar economy either. We are in a credit economy. People don't pay for houses, cars or even groceries today with physical money. They submit some bits via a swipe of a card.

We can't even imagine the collapse of economic activity if we went back to cash, let alone some ancient form of exchange like gold.

Too much supply is part of what can drive prices higher, you also need demand and pricing power. We are printing lots of dollars now but do you feel like you can go spend lots of them because they are cheap? Doesn't really work that way.