Last night?All about Gold, and then David EInhorn.Decent show.Munk is funny. He kept saying he just digs mines.....and every once in a while let on a bit more. And they knew it.
Munk actually said this cycle started with 9/11. He quoted me :) Said terrorism changed the world, and then came the housing, banking defaults, TAARP, and basically no one trusts their currency, no one anywhere in the world.
He said the very wealthy no longer have the same level of trust in banking, stocks, geo political.Said it would be a very long time before Gold would go down in value because of the lost trust in the World.Said Bernanke stands up on 60 minutes and says I'm going to destroy the value of the dollar by printing more.Chinese and Russians are watching this 60 minutes as the leader of the Federal Reserve is on National TV stating I'm going to destroy the value of the paper dollars you're holding.What do you think the Chinese and Russians are thinking when they here this talk?
Yes - I watched it.It will be on the web maybe tonight at "http://www.charlierose.com"