The price of gold has topped $1300 an ounce. And this while inflation is low. The upswing is driven mainly by the fear of inflation. In order to handle otherwise unsustainable levels of debt, the government will resort to 'monetizing' it, i.e., printing money and causing inflation. By counterfeiting its own currency, a government steals real wealth from its citizens. Is this acceptable to you? If not, you may wish to register your disapprobation come November 2nd.
For more insight, see Thomas Sowell's Politics Versus Gold.
Recent Comments