Jim Grant On Gold’s Recent Drop: “Confidence In Bernanke Is Utterly Misplaced”

Summary: In a recent interview/debate, market observer Jim Grant explains why he believes the economy is still very weak and why gold is still a solid, long-term investment. Massive money printing on the part of central banks in the world has led to explosive monetary inflation. While “price” inflation hasn’t been too big an issue, Grant explains that other malinvestments are being made due to this policy. Many of the gains in the stock market for example are based on this monetary easing. He also explains how gold is ultimate bellweather on confidence in central banks – if confidence is high, gold bullion is weak. If it’s low, gold bullion is strong. See video…