Kentucky Senator ducks out of “Audit the Pentagon” and prefers a feast of bootlicking in favor of neo-cons! Not a good week for Fake Libertarians…
The Gold Standard Gets Another Look
Euro Pacific Capital, Inc.
Posted Aug 30, 2012
The general idea among most economists is that gold would be a step backward for our modern monetary system — the equivalent of trading in an automobile for a horse and buggy. However, paper money is not new. It’s been around for centuries, and has been tried many times, on many continents. But every time it has been used, it has led ultimately to economic disaster. Continue reading
Doesn’t the claim of whether a “worse outcome” was averted require analysis of the counterfactual (which is by definition speculative since we can’t determine what would have occurred)
Aug. 30 (Bloomberg) — Matthew O’Brien, associate editor at The Atlantic, and James Rickards, senior managing director at Tangent Capital Partners, debate whether the U.S. should return to the gold standard. Bloomberg’s eye candy Deirdre Bolton moderates. Continue reading
Today’s AM fix was USD 1,657.75, EUR 1,319.03 and GBP 1,047.68 per ounce.
Yesterday’s AM fix was USD 1,657.00, EUR 1,320.21 and GBP 1,046.48 per ounce.
Gold is hovering today near the 4 ½ month high hit during the week as investors await the US Fed Chairman Ben Bernanke’s speech at 1400 GMT from the Jackson Hole Symposium. Continue reading