Wednesday, September 7, 2016
Jim Grant: A bet on gold is a bet on monetary disorder
The Fed is bluffing, and no matter what happens with interest rates, it might be best for investors to stick with gold, this according to widely known Fed critic and Wall Street pundit Jim Grant.
'I think a bet on gold, to me, is actually an investment in monetary disorder. It's not a hedge against it because we have monetary disorder; I think what us, gold bugs are waiting for is the spreading perception that we have monetary disorder.' To Grant, central bankers' policies around the world will make investors either 'end in tears' or 'laughter,' depending on how people position themselves.
Or as Ray Dalio says in the video below which I have posted below; If you don't own gold you do not understand history.