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: