Sunday, October 2, 2011

Gold is Worthless, Invest in Dollar: really dumb reporter

"Some investors aren't confident with what gold is backed by- or if its backed by anything at all, as compared to something like the US dollar.
Investors are comfortable that the US dollar is backed by the American government, so that no matter what is happening to the US economy, something like the US dollar is backed by the Federal Reserve, that's going to be around a year from now. That's a much more comfortable investment for them."

h/t Noblenomads

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