"History is a wonderful thing, if only it was true"

Monday, December 27, 2010


Note that I have only traded gold on the short side.
Despite problems with the current system, a gold backed system ensures poverty and low growth.

Could the world go back to the gold standard? | martin wolf's exchange | Economic commentary from the Financial Times – FT.com:

"In short, we cannot and will not go back to the gold standard. As L.P. Hartley wrote, “The past is a foreign country: they do things differently there.” We cannot live in the 19th century. It is foolish to pretend that we can."

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