Gold standards are not the holy grail of monetary systems. They merely open up the possibility of governments abusing the system and printing more receipts for gold and silver (cash) than they have in physical metal. One of the reasons that we are living through such turmoil is that we allowed governments to cheat gold. A more stable system: use gold and silver themselves as money, as the free market has demanded for the last 2000 years.
Tracking Gold Silver and Precious Metals Markets worldwide
Wednesday, June 16, 2010
Popular Posts
-
An ingot is simply a bar of gold; it may have some standard specification as to size or weight, a .9999 is refined gold (highly refined---t... -
Marc Faber : "I'm not sure that Gold will not make a new high this year, but I think we've bottomed out and some gold min... -
Own Gold Directly Where it is Cheaper, Easier and Safer – Bullionvault.com For the wea...
-
Gold Mining Shares have become very very inexpensive says Marc Faber : I am not sure that gold will make a new high this year but I think... -
Central Banks Purchased 70.3 Tonnes Of Gold In April 2012! : Data from the IMF showed that Argentina purchased 7 tons of gold last year as... -
Peter Schiff : I own a lot of gold i own a lot of gold stocks , over the last 6 months to a year they have not gone up in fact the gold st...
-
Thailand is taking part in the global gold rush. There is so much demand for it that the Thai Gold Traders Association says some shops hav...
-
Silver and Gold prices have taken a nose dive on Thursday and then again today Friday . $1,500 Key Support Level for Gold says Jon Nadler, ...
-
Bob Chapman : gold and silver are going to go up a 100 to a 150 percent within the next 6 months Bob Chapman : ...commercials m...
-
Question : Are We Going Back To The Gold Standard ? Jim Rogers : I think it's unlikely. I know there are lots of people who would...
