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Santelli On The End Of Paper Gold's Reign

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."

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jrd3820's picture

Thanks dducks

Every time Santelli mentions the Ayn Rand paper gold people I have to admit to being a little confused. I don't know any Ayn Rand type people who believe that paper gold is worth anything. Either way though, it is always good to reiterate the point that physical is the way to go.


I am glad I am not the only one confused about those Ayn Rand endgame type people.