But Don, not sure you didn't miss my more broad point. Despite all efforts to effect its monetary status destruction, Gold has proven itself a money. While most will agree that an absolute strict gold standard lacks growth potential provided by endless credit & printing presses gold has (again) proven itself another form of money. Moreover, be the invested party an individual, a company, a retirement plan, or YES, even an entire nation, diversification of assets needed and a portion of those assets should be in several currencies & precious metals - and gold has fallen back into both groups a commodity and & monetary unit.
Funny thing is, if one follows charting, looks as if silver is regaining a monetary status as well - but I'm not yet willing to declare that as fact..
Next, take one final step along this line & you'll agree those who attempted the folly of the most recent monetary destruction of gold were not just misguided but also morally corrupt, no, they(the Clinton administration) were morally bankrupt! OURS IS NOT NOT & HAS NEVER BEEN A COMMAND ECONOMY!
THIS IS NOT A COMMUNIST NATION! |
