Gold Standard Inevitable By 2013; $10,000 Gold Price Looms (GLD, SLV, IAU, DZZ)
Our own John Butler of Atom Capital/Amphora Commodities Alpha Fund, talks about his book, The Golden Revolution, and his belief that we may see some countries adopt a kind of gold standard by next year.
This video is from ReutersTV. Very, very thought provoking.
In response to the question that there is only a small amount of gold in the world, he says, “The quantity of gold is finite, but the price isn’t.”
Click on the link to watch the great video from Reuters below:
Related Tickers: SPDR Gold Trust (NYSEARCA:GLD), iShares Gold Trust (NYSEARCA:IAU), iShares Silver Trust (NYSEARCA:SLV), PowerShares DB Gold Double Short ETN (NYSEARCA:DZZ).