Jim Grant Sounds Like Harry Browne in this interview
Posted: Sat Mar 22, 2014 2:31 pm
Grant seems to be channeling Harry Browne in this interview with Maria Bartiromo. In this short interview, he makes a few interesting observations that should be familiar to people on this forum.
- He says he cannot foretell the future price of any asset nor can anyone else
- Janet Yellin and her great corps of PhD's can't tell the future any more any anyone else
- He says gold should be seen as a type of insurance against the actions of the Central Bankers
- Gold should not be thought of as a commodity, rather gold is a legacy form of money
- Stocks are an optimistic asset since it is a productive asset but Gold is not a productive asset and should be thought of as a pessimistic asset i.e. insurance
- Gold will still be around after all the Fed's PhD's have faded into oblivion
I need to read up a little more on him.
http://www.grantspub.com/resources/video.cfm
- He says he cannot foretell the future price of any asset nor can anyone else
- Janet Yellin and her great corps of PhD's can't tell the future any more any anyone else
- He says gold should be seen as a type of insurance against the actions of the Central Bankers
- Gold should not be thought of as a commodity, rather gold is a legacy form of money
- Stocks are an optimistic asset since it is a productive asset but Gold is not a productive asset and should be thought of as a pessimistic asset i.e. insurance
- Gold will still be around after all the Fed's PhD's have faded into oblivion
I need to read up a little more on him.
http://www.grantspub.com/resources/video.cfm