If I remember correctly, it was either Hutch or Ron Reece that stated that he did not care what gold did, just that he would ride it to make money.
Doug,
Don't take my words out of context.
Yes, should gold surge, Obviously I, like others, would seek to profit from it. It would essentially be the only game in town, except shorting the stock market and bonds.
However, my comments have revolved around the cost to the overall economy and the greater good. Should gold surge, I fear the uneccesary economic impact on the economy that would translate into stagnation and lack of confidence.
That's the difference. I'm more interested in seeing a vibrant economy sustained for the majority of Americans, than merely one particular industry or investor class.
Regards,
Ron |
