Barro and Schiff on Gold and Inflation
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Josh Barro of the New York Times and Peter Schiff of Schiff Gold talk
about the yellow metal and how fast consumer prices are rising. The result of
the discussion is pretty predictable.
Also see fellow NYT scribe Paul Krugman’s take on the subject here.
For some time now, I’ve thought that it will be instability (and probably
much worse) in the global monetary system that eventually pushes the gold
price higher, an idea that is not mentioned in any of the above discussion,
but which should have been.
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