With the recent disclosure that China has been buying far more gold than the 190 million tonnes announced earlier this year, the strong hands presumed to be accumulating bullion became still stronger. In a recent interview with Al Korelin, we talked about this and other factors that are quite bullish for precious metals. Click here to access the interview.
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Phase 1: Convince the rest of the world to waste money on a primitive money form (gold).
Phase 2: Implement fundamental money reform in the US including separate government and private money supplies.
Phase 3: Out compete the rest of the world with genuine capitalism.
Or shall we join the rest of the world in a shared (and government enforced) money delusion (gold)?
Is it just me, or is Al Korelin an unmitigated blowhard? The only reason he ever has a guest on is to spout his own simplistic opinions. Great minds like Rick and others should quit providing him a forum.