He is also a professor of economics at New York University’s Stern School of Business. Here’s Why, Risk of Owning Gold Skewed to the Downside! The historic gold standard and gold exchange standard.Gold prices since the move to flexible exchange rates. “The reason (for this) is simple: while base money is soaring, the velocity of money has collapsed, with banks hoarding the liquidity in the form of excess reserves. NOURIEL TODAY The next live broadcast Tuesday, December 1st at 10 am Eastern. This is an interesting statement from a man who has had a long history of slating the leading cryptocurrency and anything in relation to the industry in general. Gold Could Drop to $1,000, Gold bugs: look out below! We would like to show you a description here but the site won’t allow us. And now, like all asset-price surges that are divorced from the fundamentals of supply and demand, the gold … Here’s Why, Price of Gold Likely To Fall Below $1000 By Year End – Natixis. Check it out to see how many of the calls and predictions of your favorite prognosticators have turned out to be true. 3. Far from signaling its imminent demise as the main global reserve currency, the greenback’s sharp depreciation is to be expected in the current macroeconomic context. Roubini raises the following question: If you are on a gold standard, or modified gold standard, what do you do in the event of a bank run—if you don't have enough gold to fully back the currency? })(); ______________________________________________________, Questions? // The New York University economics professor is … 'cat' : 'CNBC EVENTS|NetNet' , Nouriel Roubini's 'The White Swans of 2020' is an enjoyable and interesting article, as were his 2010, 2014 and 2017 commentaries on white and black swans. "we are never going to go back to the Gold Standard" "this idea of a a gold standard is pushed every other day by these gold bugs is not even a theory it's a theology " says Economics Professor Roubini who sees the gold standard as dangerous.In fact, he said, the gold standard was a major reason for the Great Depression. New York University Professor Nouriel Roubini said the dollar, the yen and the Swiss franc may be a better investment than gold if the world economy slips back into recession. 'https' : 'http') + '://pix.nbcuni.com/a-pii.gif?X=piiblock&S=' + mps.pagevars.instance + '&P=' + mps.pagevars.mpsid + '&A=' + i + '&U=' + encodeURIComponent(window.location.href) + '&_=' + window._mpspixZ; !e;this.xhrGuids&&!this.xhrGuids[n]&&(this.xhrGuids[n]=!0,this.totalCbs+=1)}),f.on("xhr-load-removed",function(t,e){var n=""+p(t)+! New York University Professor Nouriel Roubini said the dollar, the yen and the Swiss franc may be a better investment than gold if the world economy slips back into recession. 'cag[related_related]' : 'Economy|Banks|Gold' , mps.__intcode = "v2"; Nouriel Roubini: There are many reasons why the gold bubble is deflating, and why gold prices are likely to move much lower by 2015 'id' : '40088925' , According to Roubini, there are other major feasibility issues with the proposals for a transition to a global gold standard. Together with Princeton's Prof. Paul Krugman Prof. Roubini is one of the most acidly eloquent critics of gold. Nouriel Roubini called $1,000 gold by 2015 in mid-2013. Nouriel Roubini agrees with the skeptics. 'cag[type_franchise]' : 'Economy|Banks|NetNet|Gold' , mps.cloneAd = function() { return false; } Green BUST Increase Exposure Many countries have significantly more in reserves than $400 million; if countries like the U.S., Germany, or Italy decided to sell any percentage of their reserves the yellow metal would be done for. Read More ». Nouriel Roubini, the chairman of Roubini Global Economics and a professor at NYU Stern School of Business, has always had strong opinions on gold and the precious metals space and his newest sentiment for the metal is likely to cause many to reconsider their holdings. Has the Gold price rally since late 2018 now fizzled out? 'stitle' : 'Roubini: Here's Why a Gold Standard Won't Work' , NOURIEL TODAY The next live broadcast Tuesday, December 1st at 10 am Eastern. (+62K Views), A Direct Comparison Between Gold, Silver, Platinum and Copper (+90K Views), Silver Prices: How High Will They Go? Nouriel Roubini on Roubini find common toilet paper . 'template' : 'story_simple' , head.insertBefore(mpsload, head.firstChild) “The reason (for this) is simple: while base money is soaring, the velocity of money has collapsed, with banks hoarding the liquidity in the form of excess reserves. }); Earlier this month he published an essay titled After the Gold Rush. Nouriel Roubini, known as "Dr. Doom" for his bearish views, slammed Bitcoin for being heavily manipulated and blamed retail investor FOMO for this week's boom and bust on … 1 Comment The uncomfortable reality about Nouriel roubini Bitcoin paper - What to know? var s = document.createElement("script"), el = document.getElementsByTagName("script")[0]; })(); You’ll be surprised and, no doubt, disappointed! Words: 780, 5. But now? Here’s Why. document.getElementsByTagName('meta')['tp:PreferredRuntimes'].setAttribute("content", "flash,html5"); What Does Current Elliot Wave Analysis Forecast For Gold? Show 40 post(s) from this thread on one page. 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