A Bull’s Stand Against Gold’s Panic Selling
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TRANSCRIPT
Good morning. Down more than $100 and 1397. We did get down to 1384, I believe. What are you waiting for? 1300?
Visit NBCNews.com for breaking news, world news, and news about the economy
Good morning. Down more than $100 and 1397. We did get down to 1384, I believe. What are you waiting for? 1300?
Whether or not the stock market is pricing correctly in a devastating double dip recession remains to be seen.
But gold bugs are still betting that more trouble is coming.
Gold hit a record price on Aug 18, 2011 1830 dollars an ounce during the trading day.
This has my next guest ringing the bell why the United States dollar should return to
This week several Republican presidential candidates are taking part in a bus tour to spread the word about getting the United States dollar back to the gold standard.
Here now a man who agrees the American dollar will remain fool’s gold until we return to a gold backed
Throughout the centuries gold has been crowned the currency of “Captains and Kings” and if the GOP has it’s way, it will again become the standard for the US dollar. The US dropped the gold standard in 1971, under Richard Nixon. At the Republican National Convention, the platform committee called on Congress to establish a “gold commission” which would examine whether or not to restore the country to the gold standard.
Lew Lehrman, author of “True Gold Standard” believes that in order to preserve America’s economic prosperity,