Tue, 22 November 2016
Bob Hoye is first and foremost an economic historian. The situation that we currently find ourselves in has happened many times before. He's been saying for years that during these credit busts, the reserve currency is always the beneficiary. We're seeing that situation now. Down the road, he sees gold's purchasing power increasing, even if its dollar price doesn't. The situation will take a long time to improve. Adjustments must be made.
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