Economic Charts

All economic charts are at the bottom of the page.

Tuesday, September 21, 2010

Jim Rickards on Gold and the Currency Crisis

I think a lot of people think  that Gold and Silver is just a commodity play.  The problem is, during this currency crisis (which is still running full steam) Gold/Silver is actually acting as a currency.  You cannot spend it like a dollar in the US, but you can sell it prior to making a purchase and the spend in dollars.  In some countries Gold/Silver are accepted as currency as well.   More central banks and high end investors are purchasing gold for that reason.  Jim gives some insight on how it could be used in the future.

No comments:

Post a Comment