“At some point, as things slow down in China, around the world, and particularly in Europe, we could again see some money rushing into the dollar, temporarily depressing gold. But if it happens, it will just be the prelude to the next gold price explosion. The dollar is like the wooden shack at the beach. You’ve got a company picnic going on and it starts to rain. So everybody runs for cover under the shack. That’s the dollar. But when the downpour turns into a massive hurricane, the shack is worthless, you want to be holed up in a house made of brick and mortar, something durable for the duration — gold.”
http://www.moneyandmarkets.com/the-simple-case-for-gold-50542
Related posts:
The case of Brandon Raub: Can the government detain you over Facebook posts?
Scott Horton Radio: 7/27/12 Ryan Alford
When Price Controls Reach Your Dining Table
It’s Unofficial: Social Security Is Broke - Gary North
Ron Paul: Billion-Dollar Ukraine Aid Bill Is a Bad Deal For All
Save Silicon Valley -- abolish patents now
Obama’s Latest Arguments Do Not Hold Water
The President Punts in the Syrian War Game
Bovard: A politically weaponized FBI is nothing new, but plenty dangerous
NSA Cheerleaders Discover Value of Privacy Only When Their Own Is Violated
NGO Lies, US Government Ties, and Pu**y Riot: Who Are the Real Monsters?
State Regulation of Virtual Currencies Will Complicate Compliance
Google Bus Hate: Give It a Rest
US Media Shops North Korea, Russia 'Doomsday' Nuke Narratives
How the Media Has Distorted a Tragedy