If you have savings or retirement, or annuity or an insurance policy, you’re dependent upon a fixed income or a fixed stream of dollars. If I make those dollars worth less, it’s exactly like stealing money from you. And that’s what countries to do their citizens, that’s what government’s do to their citizens. And, one way to prevent that is to, well, citizens can protect themselves from buying gold and countries can avoid it in the first place by having a gold backed standard. So, I think that’s the most desirable."
- Jim Rickards via a recent Finance News Network interview, read the full interview here: