Bill Bonner asks Doug Casey - is gold still a buy? (It's a Yes!!)

As I have stated many times before, I like listening to older, wiser folks. There is nothing that compares with experience! They also tend to remember history – certainly a plus when it comes to physical gold investments!

Here’s a portion of their exchange, as Bill Bonner asks if the gold price is heading higher:

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But it’s plain as day that gold is going to go higher. There’s simply no other place for people to try to safeguard their wealth as the dollar, euro, and other currencies plummet toward their intrinsic values. What else could people buy as they get more and more afraid of paper currencies losing acceptance? What are corporations going to do with the billions of dollars in their treasuries when their management gets frightened? Where else can they go when they need to get rid of dollars, euro, yen, and yuan? Central banks, too – what will they do when they need to dump dollars in favor of something that will hold value?

This is why I see a bubble in gold still ahead. It has nothing to do with the supply and demand for gold in the jewelry trade, or whatever – it’s going to be a result of there being no viable alternatives when the paper-money con game is over. Gold is the ultimate cash, and that’s where people will go when there’s a global, total, panic to cash.

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Bonner finishes the article in his own words:

“Gold is fundamentally a bet that the financial authorities are losers...that the world’s paper-based monetary system is headed for destruction, and they can’t stop it. It is a good bet.”

My take on it? Yes, I agree that physical gold is still a very, very good bet! Call us today at Lear Capital to learn more!