The Gold Standard: A Standard For Freedom
Here is an excellent article, by Paul Nathan, on the morality of a gold standard – and why it is a necessary component of a free society. Recommended.
The Gold Standard: A Standard For Freedom
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Categories: Economy
I can see at least 4 reasons for investing in gold:
1- government debts and deficits are increasing dramatically. Inflation will rise, which is good for gold,
2- Governments and individuals, especially in Asia, are buying gold. The demand will exceed the production capacity by far,
3. Inflation will rise, but central banks won’t be able to raise interest rates without killing economic recovery. This will make bonds and many other investments unattractive,
4. Due to the erosion of privacy in the offshore world, people will start buying physical gold instead of holding fiat currencies in an offshore bank account.
In my opinion, we should wait for a correction to invest in gold. The correction will probably come as soon as the economy will show some signs of recovery (before the next crash).
JP, I certainly agree with your points. Also, you are right to say “wait for a correction” as being the right time to purchase.
I wonder how long it will be before they invoke FDR’s Executive Order 6102 to seize our gold again and give it to China to pay down debt? This would leave our fiat money even more worthless.