Kyle Bass: "I'd Much Rather Own Gold Than Paper"

We've moved to an ideology of unlimited printing.

"I'm perplexed as to why gold is as low as it is.  The largest central banks in the world have all moved to an unlimited printed ideology.  If monetary policy is the only game in town, then we're all in for a world of trouble."

--

From Bloomberg:

Trust in Gold Not Bernanke as U.S. States Promote Bullion

Distrust of the Federal Reserve and concern that U.S. dollars may become worthless are fueling a push in more than a dozen states to recognize gold and silver coins as legal tender.  Arizona is poised to follow Utah, which authorized bullion for currency in 2011.  Similar bills are advancing in Kansas, South Carolina and other states.

Read more here...

Kyle Bass: The Best Way To Get Paid Back By Fannie

Comments

[Ponce]

As usual........"If you don't hold it, you don't own it"... Ponce

I have been saying the above for a long time.......it was about
time that others learned this.

V

[DailyBail]

Trust in Gold Not Bernanke as U.S. States Promote Bullion

http://www.bloomberg.com/news/2013-04-08/trust-in-gold-not-bernanke-as-u-s-states-promote-bullion.html

[KingofthePaupers]

Jct: Kyle Bass can prefer to own yellow rock than paper; I prefer my paper Ithaca Hour worth the labor from my the neighbors in my LETS timebank. People can steal his yellow rock but they can't steal the credits in my online timebank account!