Thursday, September 29, 2011

Gold Stupidity???

"Backed by the US Dollar is a more comfortable investment for them."



Contrast this with the institution she is comfortable about:



There has to be a standard of value somehow. That function has always been supplied by gold. Governments fail. Civilizations collapse. Gold is always worth something. But these disagreements are what make markets. If everybody agreed, then nobody would own paper currency, and would demand gold for all payments.

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