April 14, 2013
He sees the story as a reflection of skepticism towards fiat money as the world’s central banks print away.
Forsythe thinks all of this makes for a bullish case for gold.
“[I]t is incongruous that gold—money that can’t be printed, just minted—would enter a bear market Friday,” he writes.
Indeed, gold had a very ugly Friday.
This article was posted: Sunday, April 14, 2013 at 4:58 am