- Jim Rickards via a recent Finance News Network interview, read the full interview here:
Tuesday, November 13, 2012
Government Will Have to Go Back to a Gold Standard
"Once the chaos hits, which I would define as a complete loss of confidence in paper money, social unrest and riots, when that sort of things starts to break out, governments will have to do something and they’ll have to regain trust. And the easiest, fastest way to regain trust is by going back to a gold standard. So as I say, they won’t want to do it but they will do it out of necessity."
at 11:21:00 PM