We've moved to an ideology of unlimited printing.
"I'm perplexed as to why gold is as low as it is. The largest central banks in the world have all moved to an unlimited printed ideology. If monetary policy is the only game in town, then we're all in for a world of trouble."--
Good read from Bloomberg:
Trust in Gold Not Bernanke as U.S. States Promote Bullion
Distrust of the Federal Reserve and concern that U.S. dollars may become worthless are fueling a push in more than a dozen states to recognize gold and silver coins as legal tender. Arizona is poised to follow Utah, which authorized bullion for currency in 2011. Similar bills are advancing in Kansas, South Carolina and other states.
Read more here...
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