Peter McGuire of CWA re-emphasizes the fundamental reason to be bullish on gold: all global currencies are getting printed more and more. While he acknowledges that in the meantime the US dollar is looking strong, it only has one way to go in the longterm. And while the Greece crisis may be abating, there are bigger problems (like Ireland and Spain) looming on the horizon.
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See Also:
- Faber: It’s Dead Simple, The Supply Of Dollars Will Grow Way Faster Than The Supply Of Gold
- Eric Sprott Has Purchased Nearly 9 Tonnes Of Gold Bullion This Week
- China, In The End, Didn’t Buy Gold From The IMF Because It Has Better Ways To Use Its Money