Showing posts with label Nigel Maund. Show all posts
Showing posts with label Nigel Maund. Show all posts

Wednesday, November 14, 2007

Pioneer work ahead

Nigel Maund (November 5, republished in SafeHaven Nov. 12), after a florid beginning, concludes that gold must rise and the dollar must be defended with heavy interest rate rises:

...gold's great bull market will be the harbinger of a major global recession or, more probably, a depression brought on by a sequence of massive defensive interest rate rises required to support the dollar in its pre-eminent position as a global currency, with all the benefits, political and economic, that this brings to the USA.