Confidence in Paper Money is Diminishing – What’s New?

I was just reminded of my video interview with CNBC in Singapore back on October 31, 2011 for their Commodities Corner and reviewing what I said then the old, the basic bullish fundamentals for gold is still in play. Gold was then at $1,738…

Quoting CNBC in the description of that particular video:

“We have huge amounts of debt and what we’ve seen especially since 1971 when we’ve gone off the gold standard is that there’s unprecedented amounts of money because money is created out of thin air now. There’s no longer any controls on the amount that’s created,” Jay Taylor, President and CEO of Taylor Hard Money Advisors told CNBC, Friday. (Oct. 31, 2011)

You can see my old interview at the following link:  https://www.youtube.com/watch?v=121kLt7J_VQ

 

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.