Saturday, August 28, 2010

The true value of gold

This is a balanced, longish article on gold, taking into account it's from a mainstream financial media source, the Financial Times, which traditionally has had a negative bias against alternative asset classes. It has been a slow death dance for all currencies for decades, and perhaps this signals the beginning of the end for paper numeraire.

http://www.ft.com/cms/s/2/e9378c6c-b0b8-11df-8c04-00144feabdc0.html

The author includes a quote by George Bernard Shaw at the end of the article:

“You have to choose between trusting the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And with due respect for these gentlemen, I advise you… to vote for gold.”

No comments:

Post a Comment