Hugo Salinas Price: The World Will Hyperinflate Into A Gold Standard

Jon Economy, Gold, Market Commentary, Precious Metals

If one can only see value in paper currency terms, one cannot see value at all
Hugo Salinas Price – website link – posted a couple of comments on Stewart Dougherty’s guest post earlier this week. I concluded that his insights needed to be shared on the front of this blog and he gave me permission to edit them together to make them easier to read for everyone. ‘I know my comment was complex but I wanted to condense the thoughts I have developed over three decades:’
I would like to take this chance to share a few of my thoughts on this. To me it is pretty clear that the American gold is encumbered. Not because of the usual reasons found on the web but because America defaulted on its gold under the Nixon administration. There are still, many foreign claims on that gold. If America starts to use that gold officially, the gold vultures, like the bond vulture funds, will be out en masse and with force. So it is in America’s best interest to ignore that gold – and gold in general.

This post was published at Investment Research Dynamics on March 10, 2017.