Sunday, October 13, 2013

Gold Bugs: How Bad Does it Have to Get?

People holding gold as a hedge against financial crises and the evils of fiat currency must be wondering: what does it take for the price of gold to rise? The full faith and credit of the US government standing behind every US dollar is in doubt. The price of gold seems to shrug it off. Yet, gold bugs remain ever optimistic that the next crisis will finally prove them right. The question is, how bad does it have to get? And, if it gets that bad who will buy the gold?

1 comment:

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