JOHN WILLIAMS: ‘SAFE HAVEN FLIGHT WILL BE TO GOLD’
JULY 5, 2013
In this excellent interview with GoldMoney’s Félix Moreno, ShadowStat’s John Williams explains how inflation measures are faring since the 2008 crisis, why the money supply hasn’t exploded, and how the banking system was saved.
John expands his analysis to the wider US economy before Felix questions him about his view on gold. His long-term prognosis is stability for the metal as a store of wealth, instability for the currency and frightening inflation levels, and while the metal has been sold off in a panic over the past few months, the final safe haven flight will be to gold when the Western financial system collapses.