1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Canadian Value
Canadian Value
Articles (4624) 

Jim Grant - The Gold Standard Is the Obvious Way Forward

October 17, 2013 | About:


In the midst of the government impasse market observer Jim Grant paid a visit to Bloomberg.

Grant's current observations include:

- Investors have again taken a liking to risk.

- The biotech sector with bubble like valuations shows that fear has receeded.

- China has to continue to buy U.S. Treasuries to keep its own currency down, but make no mistake China wants out of the U.S. currency.

- The dollar is a piece of paper with no intrinsic value; the amount of this paper continues to increase rapidly.

- The obvious way forward is a return to the gold standard.

About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 3.0/5 (4 votes)

Comments

Please leave your comment:


More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


Raven94INDUSTRY1 (Med Devices)
Jire4Star, ROIC Up Tr, ROIC > WACC
Bogdan BednarskiCSROE 2017, ROIC 5Y . ROIC 10Y
Bogdan BednarskiCSROE 2017
yasarkhanP/B and P/E and MKT
wwygeraGuru Buying #3
utche96Piot>7,P/FCF,Rev
rael222210
Bogdan BednarskiCSROE2008,ROIC 15-75,ROIC 5Y >
bdietzBook Growth Rate
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK