Pete_BullionStar
Fly on the Wall
Our own Claudia Merkert interviewed Jim Rogers last week, and interesting watch.
Jim Rogers on $50,000 Gold & When I'm Selling
- Thread starter Pete_BullionStar
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Either could be true.
Either he bought PMs looking to convert into his beloved fiat-dollars; or he recognized fiat for the non-scarce trash it is.
Saying gold is gonna go to $50k is the wrong way to look at it. I can guaran-damn-tee ya, when it does, it will still buy, when converted, what it buys now.
What it will mean is, $40/gallon gas, $20k/month rent. Which will mean absolute devastation of the employed classes.
Which THERE, will be a reason NOT to be into fiat. NO MATTER the price paid.
Either he bought PMs looking to convert into his beloved fiat-dollars; or he recognized fiat for the non-scarce trash it is.
Saying gold is gonna go to $50k is the wrong way to look at it. I can guaran-damn-tee ya, when it does, it will still buy, when converted, what it buys now.
What it will mean is, $40/gallon gas, $20k/month rent. Which will mean absolute devastation of the employed classes.
Which THERE, will be a reason NOT to be into fiat. NO MATTER the price paid.