Veteran analyst Richard Russell seems to agree with me on the possibility of a major dollar …
Source: http://blogs.moneyandmarkets.com/blog/real-wealth/0/0/veteran-analyst-richard-russell-seems-to-agree-with-me-on-the-possibility-of-a-major-dollar-devaluation-and-upward-revaluation-in-the-price-of-gold-Posted on Wednesday, November 26th, 2008 | In Commodities
Contributed by: Larry Edelson (http://blogs.moneyandmarkets.com/blog/real-wealth) -
PRichard Russell, who lived through the Great Depression, writes the following innbsp;the November 26 issue of his newsletter, “Dow Theory Letters” …brbr‘… if the government wants to inflate in a time of deflation, and the dollar’s viability is under attack, the government could back the dollar with gold. The government could unilaterally raise the price of the gold it owns to say $5000 an ounce. The government could then say the dollar is partly-backed by gold, every dollar is worth one five thousandth of an ounce of gold. In other words, if the dollar falls under suspicion, the US might find it expedient to return to a version of the gold standard.’/P
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 About Larry Edelson (http://blogs.moneyandmarkets.com/blog/real-wealth)
With nearly three decades of experience in precious metals and natural resources markets, Larry Edelson has played a pivotal role in training Weiss Research staff and in guiding Weiss Research’s customers to prudent investments in the sector. His Real Wealth Report, Gold Trader Hotline and Energy Options Alert provide a continuing education on natural resource investments, with recommendations aiming for both profit and risk management. His team of technical analysts helps enhance the timing of investment recommendations with the aim of continually improving the performance results for investors. Mr. Edelson is also a regular contributor to the daily e-letter, Money and Markets. Recognized as an expert in precious metals and natural resources, he is often called upon by the media for his investing views. Mr. Edelson has been featured on Bloomberg, Reuters, and CNBC as well as The New York Times, New York Sun, and Marketwatch.com Mr. Edelson holds a B.A. degree from Columbia University. |
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