CNBC

Jim Grant went on to say, “ I think Gold Mining shares which are universally despised represent a call on the surviving monetary asset. It’s one area of absolute compelling value.”  

This is a typical argument that many mainstream gold bears make. It goes like this…. “As soon as the Fed raises rates, it will pop the Gold bubble and the US$ will bottom” This is totally ridiculous. First, it is real interest rates that matter. Rates need to be 2-3% above the level of inflation. … Continue reading