Listeners’ Questions, Peter’s Answers- October 20, 2011
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Andrew from Jacksonville, FL
If we go back to a gold standard, what happens to silver?
Guy from Acton, Ontario (Canada)
What do you think will be the next big thing? If precious metals has been the best investment of the 2000s and 2010s, what will be the next thing? Banks? Agriculture? Water ETF? Utilities? And why do you think they will be the best?
Burt from Saint Louis, MO
My new wife and I are about to purchase our first home. I’ve been pre-approved for more than the house is worth. The cost of the home is $150,000. The payments for the home will be approximately the same as the amount of rent we pay monthly, $900. With the state of the economy, are we making a huge mistake?
Bryan from Seoul, Korea
Do you think that gold could do better than silver because central banks purchase gold and not silver? Most central banks have gold, and many are purchasing gold. None is purchasing silver. We previously had a gold and silver standard. However, in the future if we return back to commodity-based money it might just be gold alone, since we use more digital payments today, reducing a need for small change and thus silver.
Warren from Ottawa, Ontario (Canada)
What caused the great depression in your opinion? What was the Fed rate on the runup? Canadian politicians are saying, in Parliament, that Hoover was too austere.