it's going down the toilet, page-115

When these people say gold is good - better believe them.

I have been a reader of Mauldin's tomes for close on ten years, he tends to get things right, including the calling of the GFC. The fact that he is recommending gold is a little surprising to me - as I always considered him to be too conservative to express any interest in gold.

http://www.mauldineconomics.com/outsidethebox/the-keynesian-depression

Gold, as I discussed in my October 2012 Market Perspectives, “Return to Bretton Woods,” has significant upside potentially and should be considered for inclusion in any portfolio designed to preserve or grow wealth over the long-term. Depending on the scale of the current round of quantitative easing and the decline in confidence in fiat currencies, the price of an ounce of gold could easily exceed $2,500 within a relatively short time frame and could ultimately trade much higher.