“There are so many reasons for people to want to get out of paper currencies and into something hard…”
August 24, 2018
Things appear to be stabilizing here, with Gold up more than 1% on the week and other signs looking good for precious metals. Eric Sprott is back to break it all down for us.
This week on the wrap-up, you’ll hear:
- Why Gold is not just a proxy for the U.S. dollar
- Which developments the market is ignoring
- Plus: why bank profits are “disproportionate”
“I would think that the people in most countries today would be thinking about owning gold, with their currencies getting decimated on a regular basis. I mean, you look at the damage of currencies yesterday, and there were probably ten currencies that fell over 1% in the day. You know, currencies are supposed to be stable. They’re not supposed to be like stocks or something. But they’re truly very, very weak, whether it’s Iran or Venezuela or Turkey… There are so many reasons for people to want to get out of paper currencies and into something hard.”