InBusiness Magazine Interviews Robert Ian About Gold and the Economy
Madison's InBusiness Magazine interviewed Robert Ian about gold and the economy for their annual Executive Register issue. Here's an excerpt:
Ian said gold cannot accurately be measured or predicted by the Consumer Price Index. In his view, the CPI is "bogus" because its measurements have been revised over the last several decades. In 1995, the gold price was about $400 per ounce and the money supply was about $4 trillion. Today, the money supply is about $17 trillion and climbing. This should put the price of gold at around $1,700 per ounce, he said.
However, the government's unfunded liabilities and debts, which is money that will have to be created to pay the obligations, are almost $100 trillion. Said Ian: "I think it puts the future price of gold at over $10,000 an ounce, assuming that they stop printing money today, which I don't think they will do. I think we are on the road to hyperinflation. I think it will appear this year, and there are a lot of supporting reasons for that."
Read the entire interview here.
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