India's ancient and deep religious traditions, combined with a plethora of historical, cultural, and practical reasons, have fostered an unflinching desire to acquire gold as a means of protecting one's wealth.
Recorded at the Mises Circle in Greenville, South Carolina, 3 October 2009. Sponsored by Ron Wilson, and Professional Planning of Easley, LLC.
"Inflation worked as a tax on those further removed from government spending."
The excellence of the gold standard is to be seen in the fact that it makes the monetary unit's purchasing power independent of the arbitrary and vacillating policies of governments, political parties, and pressure groups.
The book contains an abundance of other arguments against our current monetary system.
While mining doesn't have much impact on the gold price, the reverse is not true: the gold price has significant influence on the mining industry.
Any audit that exposes the Fed's relationship to the state will be worth doing, even if the Fed's friends keep it where it is.
With the world economic crisis in full tilt, the US dollar is on the ropes and the clock is ticking.
The Oracle admits that the printing of paper money is inflationary, but being a consistent proponent of expanding government, he constantly dismisses gold and proposals to return America to a gold standard.
Much like the US's decision to save Bretton woods by coercing South African gold sales, today's governments will resort to ever more authoritarian measures rather than allowing their pet institutions to fail.
