[photo] Mark Jeftovic

easyDNS CEO, Career Contrarian & AntiGuru

Category Archives: Forecasts from the Fringe

Goldbugs should be careful what they wish for: they’ll lose big in a return to gold-backed currency

With gold nearing that psychological $1000/oz mark once again with a full head of steam, the USD dollar looking very toppy and a bond collapse all but assured now, gold investors and even mainstream media are occasionally talking about “gold standards”. With the likes of Peter Schiff and Marc Faber getting some respect in the mainstream media, joe-six pack is hearing phrases like “return to a gold backed currency” in passing over CNBC et al.

It’s not being discussed seriously, it’s just that the sound money pundits are actually able to get the words out of their mouths now … Read the rest

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