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Hugo Salinas Price: The coming revaluation of gold
7:12p ET Monday, January 25, 2016
Dear Friend of GATA and Gold:
In what is likely his most profound analysis yet, Hugo Salinas Price, president of the Mexican Civic Association for Silver, foresees that the ongoing liquidation of the international reserves of central banks will require an enormous upward valuation of gold and the transformation of the monetary metal back into the primary world reserve currency, replacing the U.S. dollar.
Gold's return to its traditional role, Salinas Price writes, will quickly balance international trade, discipline government budgets, and reliquefy debt that is becoming unpayable, though salvaging all debt and derivatives might require a gold price as high as $50,000 per ounce.
Salinas Price's analysis goes farther than similar analysis called to your attention by GATA over the years, particularly by the Scottish economist Peter Millar --
-- the U.S. economists Paul Brodsky and Lee Quaintance --
http://www.gata.org/node/11373
-- and the Dutch market analyst Willem Middelkoop:
http://www.gata.org/node/13520
Salinas Price's commentary is headlined "The Coming Revaluation of Gold" and it's posted at the civic association's Internet site, Plata.com.mx, here:
http://plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=281
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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