Nothing Else Works But A Gold Standard: Steve Forbes

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. (show less)

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 ... (read more)

 
 

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