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  • Eric Sprott: Gold Is the Go-To Asset in Any Environment [View article]
    Eric Sprott and I agree completely on gold's potential, and the driving force for it:

    "Depending on how they attempt to resolve it, who knows where the price of gold is going. It could go to many thousands of dollars, as we would expect it would do. But I can’t tell you the number because it really depends on how irresponsible all the governments are and that’s a tough thing to measure at this point. It certainly seems like they’re quite irresponsible, so the more irresponsible they get, the higher you expect the price of gold to go. I don’t have a specific number that I think it’s going to."

    Extreme volatility in fiat currency indices such as USDX reveal an underlying loss of faith. Putting one's faith in paper dollars is putting one's faith in the exact same people who brought you this crisis and hoping they will act responsibly, wisely and competently.
    Jan 11 12:19 pm |Rating: +3 -1
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