Gold hits a record

[Bunwahaha [still dunno why, but well, so be it]]

http://www.france24.com/en/node/4917296

and, amusingly:

http://www.france24.com/en/node/4916030

[afleitch]

Gordon Brown sold off most of our gold reserves for buttons...

[k-onmmunist]

Gordon Brown sold off most of our gold reserves for buttons...

Yup. At record low prices. Something like $200 while now it is nearer $1,200.

[Lunar]

time to invest all my money in gold nugggz

[Bunwahaha [still dunno why, but well, so be it]]

And it continues:

http://www.france24.com/en/node/4919372

[memphis]

time to invest all my money in gold nugggz

Because buying when the price is high is a great strategy Anyhow, gold remains far cheaper than it was in the early 80s when you use real dollars.

[k-onmmunist]

You don't wanna buy gold now. It's heading for a fall.

[Bacon King]

Great evidence against a gold standard, for the record.

[k-onmmunist]

Great evidence against a gold standard, for the record.

It wouldn't have happened with a gold standard, Mr Bacon Veep.



Notice the slight jump upwards in 1933, when Roosevelt demonetised gold, and in 1968/1971 when Nixon withdrew it completely.

Of course, I would prefer a silver standard to allow for more inflation, while still keeping reins on the government.

[phk]