Salient to Investors:
Loren Gatch at the University of Central Oklahoma said the state legislation promoting gold signals discontent with monetary policy and fear that Bernanke and the Fed are pursuing policies that will lead to the collapse of the dollar.
Jim Rickards at Tangent Capital Partners said should Texas establish the Texas Bullion Depository, it would offer sovereign backing for deposits and make buying and storing gold easier. Rickards said we are seeing a distinct movement back to a world where gold is considered money.
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