Gold & Continued Loss Of Confidence In The Financial System
August 17, 2012
With the recent surge in gold, silver, and the mining shares, today King World News interviewed 25 year veteran Caesar Bryan over at Gabelli & Company, which has over $31 billion under management. Here is what Ceasar had to say regarding a continued loss of confidence in the financial system: “Yesterday marked the 41st anniversary of the US coming off the gold standard, thus severing the ties of the US dollar to gold. We get caught up in the day to day ebbs and flows of financial markets, but sometimes you need to take a step back and realize we are 41 years into a monetary experiment without precedent.”
Caesar Bryan continues:
“What has happened slowly, over that 41 year period, is we have built up a massive debt to the point where confidence in monetary authorities has been eroded. Central banks and investors around the world are now coming back to gold. So we need to remember that this is a secular move back into gold.
This gold bull market is going to last a while, and we are in the early innings….