Why I’m Investing in Gold: The Dollar Can’t Be Trusted

"I think that the best that I can give you is an educated guess. Okay? So I understand that the CPI inflation reports according to the US government say that inflation runs at about 2 to 3% a year. I think most people believe that that is a wild fairy tale. Anyways, let's assume that inflation runs at 8% a year for the next decade. Then here's the math under that scenario. Then in 10 years, gold would go from the currents $3,400 a troy ounce to 7,140."

"And that would be if gold tracked 8% inflation exactly. So in this scenario, you know, natural volatility could allow it to go for gold to go up to 10,000s, right? Just based off the fluctuations."

"And according to their most recent survey, 95% of central bank respondents expect global gold reserves to rise over the next 12 months. A record 43% said that they plan to increase their own holdings during that time."

"my honest belief is that this trend of ddollarization is going to continue because gold is going to be considered a more more of a safe haven asset than the US dollar."

"When do I believe that the US government's going to learn how to balance their budgets? I believe that it's going to be after the economic meltdown."

"So, you can make the arguments that gold gained ground and then it retreated before and that you can argue that gold is gaining favor right now. But the same thing could happen again, right? Gold falls out of favor by the central banks. But then again, you can also make the arguments that gold is gaining favor and the trend is just going to continue."