An excellent historical perspective on Gold.
First, gold is money. It always has been. It’s the clear choice of free markets throughout recorded history.
Second, what we call money today is not money at all. It’s just a rash experiment in credit expansion that has spun totally out of control. Like all such experiments before it, this one will end in tears.
Third, following the failure of the current monetary system, gold will once again play its historic role as the anchor of a successor system. The market will demand it, and the authorities will have no choice but to let the market have its way. MORE
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