Barbaric Relic

Gold is under $900 now. It will hit $20,000. That was the message of an email I received the other day. The figure was based on some strange ratio between paper money and what the price of gold ought to be. The logic would be very appealing to those who think the world is coming to an end: to stave off the housing and credit crises, politicians have increased the amount of paper (and...

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