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Torgny Persson: How high would gold go if fractional-reserve gold banking failed?
2:06p ET Monday, August 7, 2017
Dear Friend of GATA and Gold:
Bullion Star's Torgy Persson today speculates about where gold prices would go under some fairly conventional ratios if investors ever lost confidence in the fractional-reserve gold banking system, where nearly infinite gold claims are supported by just a tiny amount of metal. Persson's analysis is headlined "Gold Price $65,000/oz in 5 Years?"
https://www.bullionstar.com/blogs/bullionstar/gold-price-usd-65000oz-in-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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