Professor Elam

The IMF will sell 14 M ounces of gold. Let’s see, gold is worth more than ever at $900 per ounce. So let’s sell the gold to make a short term profit and then we can lend more money to dictators in African countries who perpetuate worthless currencies and hostile economic policies. If the IMF is selling, I am buying gold.

Steve Forbes on why the US Stopck Market is underperforming the rest of the world.