Gold, the New Currency

“Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said yesterday in a telephone interview. “I look at gold as just another currency that they can’t print any more of.”


~Kyle Bass, a Dallas hedge fund manager and member of the University of Texas Investment Management Co., the second-largest U.S. academic endowment’s board. Bass made $500 million on the U.S. subprime-mortgage collapse.