Friday, August 30, 2013

They May Have to Go to a Gold Standard

People are going to have to pay attention to that. And either the Chinese are dopes, which they’re not, or people will start to get gold, which they will.

But if there’s a run on paper currencies (which is entirely possible) and there’s borderline hyperinflation (which is entirely possible), they may have to go to a gold standard… Not because they want to, but because they find it necessary to calm the markets.

- Jim Rickards via Wall Street Pit: