4 Responses to Myths and Realities of Returning to a Gold Standard
In other news: as of last friday you can invest in German 2 year bonds returning wooping 0%… yep not a basis point higher
Pay the germans to hold your money while they use to it buy up distressed assets. Lose more to marginal rate of inflation, not my type of investment.
All those people that bought treasuries when they were at 0% made a lot of money when rates went negative last year. People buying right now aren’t mom and pop holding till maturity. These are either funds with mandates for liquidity in times of crisis, or speculators.
Personally I’d much rather have my money backed by the largest most dynamic economy in the history of mankind than by a hunk of yellow that doesn’t do anything.
Hey everyone has a preference…
I have own physical for 2 decades… have not added in a while though…
prefer to be backed by rear coins though