Friday, February 27, 2009
Why Buy Gold?
Sure, I could justify my recommendation to buy physical gold with all kinds of jargon and thought experiments. But I will spare you. The real reason I think everyone should get his or her little pot of gold (just in time for St. Patty's Day) is this:
You have to ask yourself, "Does Ben Bernanke really have a good plan for dealing with that?"
Then, even if you think so, you have to ask yourself, "Does The Man really let a Princeton economics professor who doesn't know kung fu have control over the world currency?"
You have to ask yourself, "Does Ben Bernanke really have a good plan for dealing with that?"
Then, even if you think so, you have to ask yourself, "Does The Man really let a Princeton economics professor who doesn't know kung fu have control over the world currency?"
Comments:
How does monetary base differ from M1 and from total reserves? I know M1 contains currency and reserves does not, but where does monetary base fit in? Is it somewhere between reserves and M1?
How about a swiss-currency bank account? They are still on the gold standard. Would that work?
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: February 27, 2009 at 7:10 PM
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