Santelli On The End Of Paper Gold's ReignSubmitted by dducks on Wed, 03/27/2013 - 16:40
Santelli On The End Of Paper Gold's Reign
"I don't even look at gold as gold anymore since they securitized it. If things [went] badly in the world that I used to observe (as a gold bug); the gold would end up in the hands of the gold bugs. If things go badly now, they're going to end up with checks from ETFs! Sorry, it's not the same. The reign of [paper] gold as the Ayn Rand endgame, to me, that's over. Game, Set, Match."