Amid news that gold is off today by almost 2% in London, I came across this interview in the Gold Report. Karen Roche interviews Porter Stansberry about the US dollar and gold. The Gold Report says that “Porter does not recommend bullion as “insurance” (because that suggests hope for the dollar when there is nothing to pin hope on) but rather as “the perfect natural money.”

Further, Mr Stansbury says, “The most interesting thing I’ve seen in a very long time is that suddenly some central banks have decided to begin to exit the dollar system by using trade surpluses to buy gold instead of either U.S. Treasuries or U.S. assets. I happen to believe that this is a sea-change in the gold and monetary system that will ultimately result in a return to at least a de facto gold standard.“

Further he says, “I don’t think we’re anywhere near the top in gold. That’s because the key players in the gold price are central banks and it’s only been in the last six months that they’ve even begun to buy gold. So this bull market for gold has a lot, lot further to run.“

Of course, some argue that we’re headed for a change in the global reserve currency from the US dollar to a basket of currencies, driven by the Asian countries. Either way, the future for gold looks bright. Do you have some bullion?

Mr. Stansberry is founder of Stansberry & Associates Investment Research. Read more here: The Gold Report