SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The coming US dollar crisis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: carranza2 who wrote (38897)6/5/2011 9:02:59 PM
From: Real Man  Read Replies (2) of 71475
 
Barbaric relic? -g- Gold does not have a place in modern
central banking, except that some CBs keep it in
reserves; some don't. I am not saying gold is not
a currency, rather, with the global gold standard long
gone, it is out of place on CB balance sheets
(that regardless of what gold bugs say!)
An atavism from gold standard era and a form of
reserve commodity currency. We can dream about
the gold standard coming back, but until it does,
gold will not have any purpose on CB balance sheet
other than a part of foreign currency reserves. Our money
is someone's debt, this is the new "system".
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News