Return of the Gold Standard as world order unravels

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#1 Fri, Jul 15, 2011 - 1:08am
John Law
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Return of the Gold Standard as world order unravels

https://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/86386...

"It is very scary: the flight to gold is accelerating at a faster and faster speed," said Peter Hambro, chairman of Britain's biggest pure gold listing Petropavlovsk.

"One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000 and silver at $1,000. I feel terribly sorry for anybody on fixed incomes tied to a fiat currency because they are not going to be able to buy things with that paper money."

Edited by: John Law on Nov 8, 2014 - 5:31am
Sat, Jul 16, 2011 - 9:17am
Biochar
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must listen interview with Ben Davies at KWN ~ $2000+ by January

"People are really beginning to realize that it (gold) is the currency of first resort...

...The events in Europe have just been unfolding like a nightmare and policy-makers have realized that you cannot have a banking system or a financial system that is predicated on lending based off of a risk provision of zero for sovereign debt. Clearly that sovereign debt, as we are finding out with the periphery debt, isn’t worth the paper it’s written on.

This has completely undermined fractional reserve banking that’s been with us for nearly a hundred years, it’s been found completely wanting."

Pay close attention to his comments on global liquidity. That, the above, and awareness of the inevitable QE3 are what will drive gold on a strong push higher for the remainder of this year...

https://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/15_Ben_Davies.html