Throughout the world’s financial history, there have been a number of periods during which our faith in gold has been stronger than our faith in fiat currency. The most recent dramatic example of this is a period that started with the financial crisis of 2008-2009.
In this brief video, CEO of U.S. Global Investors Frank Holmes discusses the impact the recent financial crisis had on the price of gold. He touches on fears that government-led quantitative easing and other fiscal policies will lead to dangerously high inflation rates. He also offers an explanation for how this makes gold a more attractive asset class than paper money in many ways.
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