Jim Grant is “very bullish on gold” due to deepening concerns of a crash in sovereign debt. The monetary historian and expert, financial journalist and editor of the investment newsletter ‘Grant’s Interest Rate Observer’ is always worth reading and listening to.
When you compare the price of gold to the monetary base, the ratio is at an all-time low.
What does this mean?
It means something has to give, and we all know the Feds will not stop printing money. That means gold prices will continue to increase.
You will be surprised.