Rothbard's Gold Price: $2,600/Oz

Seeking Alpha ^ | 08/10/12 | Krassen Ratchev

[jwalsh07]

As has been wampum, beaver pelts, scalps, ears, cigarette lighters, tobacco and rum among many,many others.

[fortheDeclaration]

And the point is that other people were willing to use them for means of indirect exchange, and they originally had a use value.

[dervish]

Which countries do you favor?

I am totally confused and scared.

[dervish]

Which countries do you favor?

I am totally confused.

[palmer]

I try to stay diverse. Even well run (financially) countries like Singapore will have inflation forced upon them by the rest of the world led by us. There is an advantage being the world’s primary superpower, it gives us considerable financial pull. Basically we can print more dollars and force people to take them. Right now the dollar is a good place to be. It’s short term, but the short term might be another decade. BUt while the dollar is strong you should buy assets of lasting value like the precious metals that were disparaged for theoretical reasons above. The world doesn’t care about theory, just value, and PMs will always have value.