In a recent interview, independent financial journalist Lars Schall and Jim Rickards have a fascinating discussion about the importance of gold to the stability of the global central banking system.
“Central banks may turn to gold not because they want to, but because they have to as a way to restore confidence. Of course, the result of that would be much higher gold prices. When I say higher, I don’t mean $1,000 an ounce, I mean going up to… [as high as] $9,000 an ounce. That would be where you would have to price gold in order to have an international monetary system that could support trade without causing massive deflation.”
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Central Banks Will Turn to Gold to Restore Confidence (Audio)
In a recent interview, independent financial journalist Lars Schall and Jim Rickards have a fascinating discussion about the importance of gold to the stability of the global central banking system.
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!