Friday, November 25, 2011

Nouriel Roubini Schools Us Gold Bugs!

In this amusing clip, Roubini instructs us as to why we can never have (and would never want) a gold standard. I mean, really, why trust gold when we can insteed rely on smart guys like him?


Who can forget this Roubini classic?
"Maybe, gold will touch $1,100 or so but $1,500 or $2,000 as predicted by Jim Rogers is nonsense,” Roubini told investors at the Inside Commodities Conference in New York.
As usual, ZeroHedge says this better than I do.

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