by Eric Dubin, Silver Doctors:
In this MUST WATCH in-depth interview with Bloomberg, Hayman Capital’s Kyle Bass discusses his call for a Japanese debt collapse, the Fed’s QE to infinity monetary policy, and his views on gold:
“We have always had a position in gold. When you think about the largest central banks in the world, they have all moved to unlimited printing ideology. Monetary policy happens to be the only game in town. I am perplexed as to why gold is as low as it is. I don’t have a great answer for you other then you should maintain a position…
They can’t print anymore of it! I just view gold as a currency, I don’t view it as a commodity, it’s that simple.”
Bloomberg asked Bass about George Soros’ recent gold bashing:
“George has been a much better investor than I over the years. When you think about the global monetary base, it is north of $70 trillion. All the gold in existence is around $7-8 trillion. There might be $1.2-1.3 trillion of invest-able gold. At some point in time, I would much rather would own gold than paper. I just don’t know when that time is.”
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