A Mainstream Reporter Confesses about His View on Gold

I find the below comment absolutely amazing, when you consider that over roughly the last 10 years gold has climbed from $250 to $1,500 an ounce, and at the same time the mainstream economists running the country have driven the economy into one of the worst recessions in history, where millions have lost homes, millions have lost jobs and some both, while at the same time Wall Street elitists have been bailed out to the tune of hundreds of billions.

 LaTi reporter Paul Whitefield, somehow, is not able to make any connections and writes:

There are two things I know for sure: One, I'm not an economist; and two, gold coins are really cool...

First, what I know about gold currency comes from a chance encounter decades ago, when I was a young business reporter in Hawaii. As part of a story on gold coins, I visited a dealer, who brought out a stack of South African Krugerrands.
Talk about gold fever: I became an instant '49er. The glint of the metal, the sheer heft of the coin -– I was transfixed.

That lust for gold, however, did not translate into a lust for the gold standard. Why? Because...I actually believe the people on this Earth who are economists.