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Friday, June 3, 2011

James Grant: "We'll see a gold standard again"


Gold is seen as some sort of rogue investment. Jim Grant, of Grant's Interest Rate Observer, actually says the unthinkable when discussing a gold standard. He thinks we'll have a gold standard in the USA again. I think he's right. Why am I lending his opinion credence? Because he's been right repeatedly. Why does anyone listen to the FED, or politicians (except the Libertarians), or the talking heads on the Mainstream Channels? Grant is very good, very smart, and he sells his opinions at Grant's for big money. You'll continue your education in economics by following this man.

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