Jim Grant has been an advocate of gold for quite some time. You might expect to find him hiding under his bed these days as gold is having its worst quarter ever, but that isn't the case.
Today Grant was on CNBC discussing the Federal Reserve and its actions.
Grant thinks the Fed is stuck and is going to have to continue with easing which makes him think the selloff in gold is without merit.
Eventually, Grant thinks the Fed is not going to be able to keep rates low and the market will force rates higher.
Grant continues to be bullish on gold. He believes that gold is "nature's money" and is insurance on the Federal Reserve losing control of its massive easing programs.