Detailed text transcripts for TV channel - CNN - 20100516:19:20:00
Say a trillion dollars a year, our debt will get to the point where long-term interest rates will rise. instead of treasury securities paying 4%, they'll pay 7%. now, if you buy a treasury security today at 4% and five years from now they're selling at 7%, the security you brought today at 4% is going to be worth a lot less. and you really can't hedge against that with any kind of paper asset the u.s. government issues. the alternative is gold. so people are starting to put a larger share of their portfolio in gold. and as you outlined earlier, it's getting easier to buy gold. we have these ex...
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