Fed Rate Cuts Coming with Dana Samuelson

from Kerry Lutz's Financial Survival Network

Dana Samuelson, founder and president of American Gold Exchange, joined Kerry Lutz on the Financial Survival Network to discuss the current state of the gold market. He believes that gold is consolidating around the $2,000 mark and that the key to the gold market is the value of the dollar relative to other currencies. He believes that if the Fed is forced to pause, gold has the potential to increase by 10-15%. He also believes that the global debt crisis is unsustainable and will eventually lead to the devaluation of fiat currencies. He believes that gold is the currency of last resort and will be a great hedge against the loss of purchasing power of the dollar.

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