Thursday, April 26, 2012

Gold Standard Inevitable, Gold Price 10000/oz

Check out Reuters TV's 5-min interview with John Butler (author of book, ‘The Golden Revolution : How to Prepare for the Coming Gold Standard.’ ) on the gold price as he thinks that returning to some form of Gold Standard is inevitable.   According to Butler if one of the BRICS countries be the first mover to peg their currency to gold, this could lead to a run on the US dollar and financial assets and could cause the dollar to lose 20% in 24 hours as investors pour into real assets such as oil and gold. surprising the world and the United States.  In particular, he points out that Russia may be that country to make that first move.   

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