Some gold bugs – though not ones with historical memory – seem to have greeted Republican talk of a renewed Gold Standard with near ecstatic delight.
They need their heads examined. Gold must be free if it is to police the political class.
The beauty of gold is that it is a store of value beyond political or state control, or largely so.
It is a coldly disassociated asset based on atavistic attachment dating back thousands of years. It is common to mankind, and therefore nigh impossible to suppress. It is, to boot, a safe haven from tyranny, the portable wealth of persecuted peoples over the ages.
Once governments link their policies and fortunes to gold through a fixed system, the metal – or its owner – becomes prisoner of abuse...
Gold needs no party endorsement. It shines alone.
Thursday, August 30, 2012
Goldbugs Cheering the Call for a Gold Commission in the Republican Platform Need Their Head Examined
Ambrose Evans-Pritchard writes: