Thursday, January 10, 2008

Gold is the new global currency

"Gold is the new global currency" is the title of an article in the Financial Times. Serious!!!! That's right. The main stream media said this!
http://www.ft.com/cms/s/0/b8107770-bd8b-11dc-b7e6-0000779fd2ac.html

...
There was a time when gold was money. In today's uncertain world, the yellow metal is back in fashion.
...
A better way to think of gold may be as central bankers used to before America dropped the gold standard: not as a commodity, but as another currency.
...
Prices have a long way to go ... It could top $1,000 and still be at the lower end of ...
...
The world's major economies have experienced rapid money supply growth of 10 per cent plus per annum in recent years.
...
Gold's rise shows investors are nervous.
...

[The last sentence makes no sense, but what do you expect from main stream media.]
...
But it is in the interests of business and consumers that its most bullish fans are proved wrong.

"The dollar may be our currency but it is your problem." -- John Connally, former U.S. Treasury Secretary

Coming to a theater near you:

No comments: