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Detailed text transcripts for TV channel - CNN - 20110424:19:51:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110424:19:51:00

The same way you look at pork bellies or wheat. you don't think of wheat as an investment. it's a commodity. >> gold is in a certain sense a commodity, ali, but it's also a currency. when you buy gold, you do get a return when inflation is rising, and certain some of the measures of inflation right now are quite low. if you look at commodity inflation, it's gone crazy. what happens when you have high commodity inflation like we do, commodity scarcity, you have to print ever more money, ever more currencies. i believe it's a race to the bottom. with the european debt problems, our own debt prob...

Detailed text transcripts for TV channel - CNN - 20110423:17:51:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110423:17:51:00

Same way you look at pork bellies, wheat. you don't think of wheat as an investment. it's a commodity. >> what do you think, stephen? >> it is in a certain sense a commodity, but it's also a currency. when you buy gold, you do get a return when inflation is rising. if you look at commodity inflation, it's gone crazy. what happens when you have high commodity inflation like we do, commodity scarcity, you have to print evermore money, evermore currency. i believe it's a race to the bottom with euro, the european debt problems right now, our own debt problems here, we're going to have to continue...