Paul Volcker Said, "Letting Gold Go to $850 Was a Mistake."

In looking back at the rise of gold from $35 to $850 during the 1970s', Paul Volcker said, "It was probably a mistake to allow gold to rise so high." Not only does that statement presuppose that the U.S. could have controlled the gold price, but it also suggests the establishment's arrogance in assuming they have a right and obligation to do so.

Being the head of Obama's financial panel, I have to wonder what he will do to GOLD.

SilverNut