Although most people reading these pages are familiar with the idea of gold becoming money once again, as it was for so many millennia in the past, it’s always interesting to see these ideas being discussed, however tangentially, within the mainstream media. So it was good to see the Daily Telegraph giving coverage to a Peter Schiff interview on King World News, where Mr Schiff puts forward the bold claim that the U.S. Dollar will become backed by gold within two years.
Not that he claims the politicians in the United States wish to do this – even despite talk of a gold commission around the boundaries of the Republican Party – but because the United States will be forced into this through irresistible economic pressures.
Although he has many critics, it has often proved dangerous for these critics to laugh at Mr Schiff too loudly on video when he makes one of these predictions, because all too often the predictions come true – no matter how outlandish they seem at the time – and those videos are then replayed endlessly on YouTube, much to the ongoing amusement of Mr Schiff and all of his many followers.
For those who wish to check out Mr Schiff’s remarks, as reported at the Telegraph, you can follow this link:
For those who wish to see the original report on King World News, here is the appropriate item: