Wednesday I just pulled out some coins from my pocket to toss into the jar. Isn’t it fascinating that so many years after Gold and silver disappeared from circulation, the larger denomination coins are still a Gold colour, and the smaller denominations still a silver colour? Our link to the time when real money circulated is still there, but oh so very tenuously. There … [Read more...]
Killing Gold
Tuesday What is the best way of killing demand for Gold? One could make buying and/or holding Gold illegal. That would kill off some transactions, but it would enhance Gold’s appeal with others. It wouldn’t kill demand, but it would alter it and could be counter-productive. One could tax Gold transactions heavily, but that would push even more of the economy into the … [Read more...]