A return to a gold standard may not happen by design, but it will inevitably
happen again--as it always has throughout history. Paper money
experiments always eventually fail.
https://mises.org/blog/jim-grant-explains-gold-standard
Showing posts with label Explains. Show all posts
Showing posts with label Explains. Show all posts
Tuesday, June 27, 2017
Wednesday, April 6, 2016
Saturday, November 14, 2015
Kyle Bass Explains Why He Had The U of TX Take Physical Delivery Of $1 Billion in Gold
I will repeat the following information for newbies: Kyle Bass, of Hayman Capital, is on the board of UTIMCO, the University of Texas endowment fund, which happens to be the second largest in the world--next to Harvard's endowment fund. Bass was chronicled in Michael Lewis' The Big Short, due to the fact that he and Hayman Capital's clients profited immensely after the implosion of the subprime mortgage bubble.
In short, Bass has a history of identifying distortions in the market before they collapse--and positions himself to profit from said distortions. He's a contrarian, rarely following conventional wisdom. He knows his stuff. Here's what he had to say about gold and why UTIMCO took delivery of their physical gold and traded out of the GLD ETF, which is an ETF holding un-allocated and fractional reserve gold, qualifying it as a ponzi scheme for the clear-eyed.
https://youtu.be/lgNVNTvlpFY
In short, Bass has a history of identifying distortions in the market before they collapse--and positions himself to profit from said distortions. He's a contrarian, rarely following conventional wisdom. He knows his stuff. Here's what he had to say about gold and why UTIMCO took delivery of their physical gold and traded out of the GLD ETF, which is an ETF holding un-allocated and fractional reserve gold, qualifying it as a ponzi scheme for the clear-eyed.
https://youtu.be/lgNVNTvlpFY
Labels:
$1 Billion In Gold,
Explains,
Kyle Bass,
physical delivery,
U of Texas
Tuesday, September 30, 2014
Why Is China Hoarding Gold? Alan Greenspan Explains
This is more evidence Greenspan believes gold is money, despite his official anti-gold quotes as the former Fed Chairman.
http://www.zerohedge.com/news/2014-09-30/why-china-hoarding-gold-alan-greenspan-explains
http://www.zerohedge.com/news/2014-09-30/why-china-hoarding-gold-alan-greenspan-explains
Labels:
Alan Greenspan,
China,
Explains,
gold,
hoarding
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