Nothing Else Works But A Gold Standard: Steve Forbes
Thursday, July 10, 2014 at 09:02PM
Silver Prices

Kitco News sits with media mogul Steve Forbes to get his thoughts on gold, the U.S. government and the Fed. Forbes says there are three important reforms to be made in the U.S. with regards to a 'gold standard, flat tax and patient-controlled health care.' He adds that the Fed does not understand the crucial need for a stable dollar. "They will go into another crisis…they operate by whim, not by rules."

Finally, Forbes says he doesn't expect to see any big pops in gold unless there are major geopolitical issues. "I think gold right now is going to be treading water...as people get geared up for higher interest rates." Tune in now for Daniela Cambone's interview with one of the most renowned names in the world. Kitco News, July 10, 2014.


Please click here to watch this interview

 

The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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