https://monetary-metals.com/wp-content/uploads/2022/08/monetary-metals.png 0 0 Keith Weiner https://monetary-metals.com/wp-content/uploads/2022/08/monetary-metals.png Keith Weiner2013-06-04 02:08:222018-03-07 03:05:16Silver Rises $0.70 on “Fundamentals” (or something)
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I wonder if you have any opinion or comments regarding Mr. Forbes commentary here, Keith:
Forbes has the right idea in terms of the need for gold as a yardstick, but leaving the management of that in the hands of the Fed means some omniscient central planner will be artificially determining the market value of a commodity.
The failure of the gold standard was not lack of a proper yardstick. It was the failure of the government to adhere to the Constitution and use only gold and silver as redeemable currencies and legal tender.