Wednesday , 29 May 2024

Gold & Silver

2007-9 Will Soon Be Back With A Vengeance! Got Gold?

As all the bubble markets in stocks, bonds, property and other financial assets implode, together with the debt that has fuelled it all, 100s of trillions of dollars will just vanish and never return. The consequences will be both shocking and devastating for most people.

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A Return to the Gold Standard Has Major Shortcomings – Here’s Why (+4K Views)

World Bank president Robert Zoellick has stirred up a hornet's nest with his recent call for a return to a gold anchor in the global financial system. The usual suspects immediately denounced him - Keynesian Brad DeLong has [gone so far as to] anoint Zoellick the "Stupidest Man Alive" - [and I would like to add my voice to the chorus by explaining] the dangers of Zoellick's gold proposal, and why fans of the classical gold standard should be wary. Words: 1708

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