Richard Russell: Real Move in Gold is Slated for 2012 and Beyond

May 24, 2011 By 3 Comments

Richard Russell in his latest interview calls for the real move in gold to begin in 2012.  Russell also states that the US must back the dollar with gold, and Russell looks for such a backing to peg gold near $5,000/oz. 
While pegging the dollar to gold would be a vast improvement over our current 100% fiat system, true monetary freedom for the masses will not be achieved unless we achieve complete victory: a remonetization of gold and silver as actual currency.
We can’t argue with Russell’s price target however- if anything, The Doc thinks its conservative.


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Comments

  1. Anonymous says:
    May 24, 2011 at 7:20 PM

    VERY conservative..

  2. lonerangersilver says:
    May 25, 2011 at 12:14 AM

    How much gold can we safely assume the US has in it's inventory to predict a $5,000 price?

  3. The Doc says:
    May 25, 2011 at 12:16 AM

    I wouldn't recommend assuming the US has a single yellow ounce!

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