This blog entry is earth-shattering. Not because of its' bullishness on gold, or its advocacy for a return to the gold standard (and its various options). No, what is shocking is that it's coming from Lew Spellman.
Spellman is a former economist at the Fed, and served as an assistant to the Chairman of the President's Council of Economic Advisors, both decidedly anti-gold organizations. He isn't some ranting blogger. :-)
http://thespellmanreport.com/2012/04/21/warren-buffet-and-the-new-calculus-of-gold/
Wednesday, April 25, 2012
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