Gold – What We Like and What We Don’t Like
by Pater Tenebrarum, Acting-Man.com:
Legitimate Bearish Arguments One Needs to be Aware of
As our readers know, we are what one might call ‘intellectually friendly’ toward gold. For one thing, we regard it as the money of the free market, the characteristics of which make it superior in every way that counts to State-issued fiat confetti. Of course we acknowledge that currently, gold is not money in the strict sense, as it is not employed as the general medium of exchange. It should be clear though that it would be used as money in an unhampered free market economy, and that even in its ‘demonetized’ state of today it retains a great many monetary features.
Secondly, we happen to have argued for many years that gold would prove to be an excellent investment (since 1999 in fact, i.e., at a time when it was widely considered the least fashionable investment asset on the planet. This can be ascertained by calling up our old posts at the Silicon Investor site).
2013-04-18 20:15:14
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