Page 16 - Peter Munk News Today : Breaking News, Live Updates & Top Stories | Vimarsana

value so the apparent rise in the gold price is an illusion. it's really the fall in value of either the euro, or the dollar, or any currency you can name. >> central banking the world over is in uncharted territory. never before in the history of the world have all of our governments been on a pure faith-based monetary system -- faith-based meaning that the value of these currencies has to do with nothing like the backing of gold and silver, rather, with the world's perception of the analytical acuity and judgment of the likes of ben bernanke who heads our federal reserve system. >>...

basically, gold is stable, and it's the currencies that lose value so the apparent rise in the gold price is an illusion. it's really the fall in value of either the euro, or the dollar, or any currency you can name. >> central banking the world over is in uncharted territory. never before in the history of the world have all of our governments been on a pure faith-based monetary system -- faith-based meaning that the value of these currencies has to do with nothing like the backing of gold and silver, rather, with the world's perception of the analytical acuity and judgment of the l...

basically, gold is stable, and it's the currencies that lose value so the apparent rise in the gold price is an illusion. it's really the fall in value of either the euro, or the dollar, or any currency you can name. >> central banking the world over is in uncharted territory. never before in the history of the world have all of our governments been on a pure faith-based monetary system -- faith-based meaning that the value of these currencies has to do with nothing like the backing of gold and silver, rather, with the world's perception of the analytical acuity and judgment of the l...

basically, gold is stable, and it's the currencies that lose value so the apparent rise in the gold price is an illusion. it's really the fall in value of either the euro, or the dollar, or any currency you can name. >> central banking the world over is in uncharted territory. never before in the history of the world have all of our governments been on a pure faith-based monetary system -- faith-based meaning that the value of these currencies has to do with nothing like the backing of gold and silver, rather, with the world's perception of the analytical acuity and judgment of the l...

it's really the fall in value of either the euro, or the dollar, or any currency you can name. >> central banking the world over is in uncharted territory. never before in the history of the world have all of our governments been on a pure faith-based monetary system -- faith-based meaning that the value of these currencies has to do with nothing like the backing of gold and silver, rather, with the world's perception of the analytical acuity and judgment of the likes of ben bernanke who heads our federal reserve system. >> charlie: also david einhorn, a leading hedge fund manager. >...