Monday, January 4, 2010

Basis for 'Barbarous Relic' Won, over Dow and Dollar

Gold that is, and silver is not far behind.

Over the past 10 years, Dow Jones Industrial Average is pretty much flat to slightly down, U.S. dollar has lost about 25%. Gold is up almost 300%, silver is up about 230%.

To be sure, John Maynard Keynes called the gold standard 'barbarous relic', not gold itself.

James Turk, founder of GoldMoney, writing more than 5 years ago in this article, says the real 'barbarous relic' is central banking. I tend to agree.


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