"Central Bankers Have Lost Control" Grant Williams Warns "The Clock Is Ticking On The Dollar"
// Zero Hedge
"I don't buy gold, I own it... I buy it for what it does.. not what the price is" begins Grant Williams in this fascinating (and brief) interview as he explains the clock is clearly ticking on the dollar. History says that paper-based currencies will eventually fail.
It has now been 45 years since the US dollar became a completely paper-based currency. Gold, on the other hand, has been a preferred medium of global exchange for over 5,000 years. That makes gold the ultimate hedge against monetary collapse. Despite its long-term record of stability, gold as an asset class still makes up less than 1% of the average investment portfolio. Negative sentiment from the public and media is a key reason why gold continues to be under owned and mispriced.
As Grant Williams explained in the following interview with Mauldin Economics' Jonathan Roth, "Every day, the picture is becoming more and more discernible It is not quite clear as yet, but it is getting there. The credibility of central bankers is slowly fading away."
Things will go bad when the ....