Sunday, April 5, 2009

It's in the way that you see it

A flight descends; its destination does not ascend. Why, then, do we talk of gold’s value soaring? After all, its buying power charts horizon-flat (an ounce of gold bought about 300 loaves of bread in ancient Persia, and it still does today), while paper fiat currencies keep descending into worthlessness.

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