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
Bloomberg’s Alix Steele reports on the Republican Platform’s look to return to the gold standard as part of “possible ways to set a fixed value for the dollar.” Talk of returning to a gold-backed dollar has increasingly entered the
Ralph Silva, director at Silva Research network and Moorad Choudhry, head of treasury at the corporate banking division of RBS, described the US Republicans idea of returning to the gold standard as ‘nonsensical’ and ‘ludacris’.
The gold standard has returned to mainstream U.S. politics for the first time in 30 years, with a “gold commission” set to become part of official Republican party policy.
Matthew Bishop and Michael Green discuss topics from their book ‘In Gold We Trust?’ with the GoldMoney Foundation’s Dominic Frisby. The three discuss what factors are driving the bull market in gold, and whether or not a return to some form of gold standard is desirable. Matthew Bishop is New York bureau chief at The…