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  • The Real Reason Ben Bernanke Resists The Gold Standard [View article]
    I am by no means an academic with only a AA degree in Fire Science but it seems nonsense to make any object the basis for a monetary unit. I suppose a country sitting on top of a mountain of gold could buy all the oil and food it needed but it really doesn't measure the worth of the people working at creating goods and business and infrastructure and capital. Farber warned yesterday that Gold could take a 50% haircut if the Indian people wised up and stopped parking their wealth on their wives necks and wrists and fingers and started using their wealth to build up their country. This made perfect sense to me so instead of buying I put in a sell order.
    May 16, 2012. 08:23 AM | Likes Like |Link to Comment
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