The price of gold is a true indicator of the trust in a nation's government and their monetary policy.
(Vocus/PRWEB) March 29, 2011
With gold approaching $2,000 an ounce, David McAlvany explains why turning to the commodity implies that Americans have a lack of confidence in the government and US dollar. The price of gold is a true indicator of the trust in a nation's government and their monetary policy. An article from Fox News reports, “It's been nearly 80 years since the U.S. stopped using gold coins and nearly 40 since the world abandoned the gold standard, but the precious metal could be making a comeback in the United States.” With unemployment still high, inflation rising, and consumers paying more at the gas pump and grocery, the commodity is indicated to continue to rise in this economic downturn. Listen to an interview with Ron Paul & David McAlvany.
Questions for David McAlvany:
- Why gold will reach $5,000 an ounce?
- Inflation. Where are we in the process?
- How can we control government debt?
- Companies are reducing their risks, which are affecting consumers. How so?
- What can individuals do to protect themselves?
Up-coming Speaking Schedule
McAlvany will be speaking at the Las Vegas Money Show as an Editorial Speaker (May 9-12, 2011) and the Las Vegas Freedom Fest (July 14-16, 2011)
About David McAlvany: Click Here
- Told investors to get out of US real estate market in 2004
- Warned investors to get out of the stock market in March of 2008 before the crash
- Advised individuals to invest in gold at $200 per ounce in early 2000
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