Vigilance

A Simple Post on Gold

If there's too little gold to function as a medium of exchange, seems to me that's a nice problem than when there is too much paper money. Maybe you've all heard of the man in Germany with a wheel barrow full of the old marks...Someone dumped the marks on the street and stole the wheel barrow.
Gold has been a medium of exchange for thousands of years, which is to say it has outlasted every paper currency. Like a lock pick to a burglar, paper money is a convenient theft mechanism for politicians. It's pretty difficult for politicians to dilute the value of gold but easy to do so with paper money when they have a partner in crime like the so-called Federl Reserve. By inflating the amount of paper money, they water down the soup but gold is not soluble.