Investing Student Loan Money, The Gold Standard and Uranium Mining Stocks

Listeners’ Questions, Peter’s Answers- September 29, 2011

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Aaron from Piedmont, SC
I’m a college student in Greenwood SC. I am worried about my future. Do you think its smart to take out a $2000 student loan and invest it in a precious metal, or is it better not to do anything?

William from Clearfield, UT

Can you explain how an economy on a gold standard does not constrain growth because of the physical limits of golds availability? In my way of thinking I always believed that there was not enough gold in the world to facilitate the ever growing populations of the world and the transactions that would rise as a result of the population growth. Is it because as growth transpires the gold in existence gets re-calibrated valuewise to reflect the growth?

John from Liverpool, Scouseland
Why does the Fed have to raise interest rates? It’s true raising rates slows down inflation, but raising rates is meant to slow demand. If there is no demand why would you raise rates?

Jeremy from Cooper, CT
If my wife and I invest in ETF stocks such as GLD and IAU, are these just as safe as buying physical gold?

Arkel from New York, NY
What are your thoughts in general on Uranium mining stocks? They have been deeply hit and appear to be a decent value here. Do you see a strong future for nuclear power plant construction? I know China and India are still interested in expanding in that area.