via www.youtube.com
I'm not part of the 'return to the gold standard' wing of right wing economists myself, but this is a rather compelling video...
TVA
July 27, 2011
Tim Andrews
Menzies House is the leading online Australian community for conservative, centre-right and libertarian thinkers.
Everyone's investment portfolio should have 10-20% invested in GOLD.
Re the ASX - best spot Gold security is PMGOLD
Look to go long on any weakness
Posted by: Andy | July 27, 2011 at 09:52 AM
Our genius’ in the RBA sold all our Gold at less than US$320 per ounce!
Today, Gold trades at US$1624 per ounce now!
You can't print more GOLD!
Posted by: Andy | July 27, 2011 at 11:54 AM
Our genius’ in the RBA sold all our Gold at less than US$320 per ounce!
Today, Gold trades at US$1624 per ounce now!
Yessssssss. I remember that Andy :-( {{crying}}
Question: If you had 20% of your money in Gold would you just set and forget? Let it rise and fall over time? Like you said, over a certain time span Gold holds it's own.
Posted by: bluebell | July 27, 2011 at 12:15 PM
uranium standard or bust.
Posted by: Vikas Nayak | July 27, 2011 at 12:41 PM
fair question.
depends on your stage in life. If you have the "time" then I'd leave it.
Also, with the strong AUD, Gold in AUD terms is about $1470 per ounce.
Posted by: Andy | July 27, 2011 at 12:53 PM
But the fairyland economics of the Keynesians cannot possibly work without imaginary money created out of thin air.
Posted by: Anton | July 27, 2011 at 11:58 PM