For us, it's how in times like these pundits of all sorts keep up their assault on anything that may presage the demise of their revered printing presses. Imagine that! Gold is one of those things.
For a relic that's been around so long and withstood the test of time at least for longevity, it's a pretty maligned element, dental fillings notwithstanding. Usually, when we keep shouting smoke, there's a good reason. And so there's is for those who despise the yellow metal.
With formerTreasury Secretary Lawrence Summers recent frontal lobe assault on the $100 bill, you know there's some flames beneath that smoke screen. Based on a paper by some Harvard economic nerds--just what the world needs, another Harvard-led promulgation to oblivion--you can bet such is not in your interest. On the contrary, it's more of the same.
We won't bore you with the oft-repeated reasons why gold is not a good investment. We could argue that the track record of investing in politicians, bureaucrats and academics hasn't been too hot either. The fact that Harvard and its ilk are two of the most bloated investments around and have been might some day cross your gray matter.
The question you ought to be asking is what have these elites done for you lately. We know what they've done for themselves.The nation's bank vaults and safety deposit boxes are full of it. If you were asked what asset is one of the best performing so far this year, up 16%, would you answer gold?
For sure, staying power, as it always does, will come into play here. And that's precisely what's troubling the anti-gold crowd--the staying power of their beloved flat money. If you're still trying to figure out whom you should listen to, try your own common sense for once, not that of these elite agenda hogs.
Submitted by RLE Ellison
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