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Steve Forbes: "Gold is right: Because the yellow metal has a fixed, intrinsic value that greatly facilitates commerce, it is the ultimate future money."

by Eric HardingJuly 3, 2012
Wow. I love it when someone who swings a hammer with the strength of Steve Forbes weighs in like this in his own magazine. Steve's article appeared in the 6/25/12 issue and it is entitled: Golden Rule for Prosperity.

I urge you to read it in entirety. Especially this: "The fundamental importance of sound money has been virtually forgotten by the economics ­profession today, even though no country has ever achieved sustained prosperity without it. A stable currency is the foundation for the literally billions of transactions and economic arrangements that make growth possible."

Like it so far?

Continue with this: "Why gold? Because it retains an intrinsic, stable value better than anything else. In that sense it's like Polaris, a fixture."

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