Wednesday, December 3, 2014

Citi - Gold Is Equivalent to Shiny Bitcoin

When Citi's analyst Willem Buiter popped up last week with his "Gold: A Six Thousand Year-Old Bubble Revisited" paper I thought him a bit odd, but in comparison to the fools he is talking to in this video he is a genius goldbug.

Dec. 1 (Bloomberg) -- Willem Buiter, chief economist at Citigroup, and Mark Ellwood, author of “Bargain Fever,” talk about the fascination with gold shared by investors and consumers. They speak on “Bloomberg Surveillance.”