Thank you. That, of course, is the point.
Additionally, the post mentioned something about gold not being a currency and unlikely ever to be one. Pure nonsense. Anything people want to hold and use as a medium of exchange is currency, and gold has traditionally been THE currency of choice. People want to hold gold precisely because they know that paper is worthless.
There was some further nonsense about buying stocks of companies that are "price makers." This comes from mainstream (i.e., neo-classical) monopoly theory: there are, according to this view, "price makers" and "price takers." But economist Yale Brozen studied these companies and found that, in the long run (even after a period of a few years) "price makers" moved toward average profitability and became ordinary "price takers" (while less profitable, less efficient companies moved up toward the middle and became more profitable, more efficient "price takers")...that is, they all wind up as "price takers" as competition moves in and starts eroding their profit margins. What the article really means, I suppose, is that you should look for the hot new stock of the latest entrepreneurial wiz-kid company like Microsoft in the 1980s. Great advice. The problem is in recognizing these companies before they become well known and being able to guess correctly what consumers want. No easy task, and I don't think professional investors have any better track record at it than non-professionals.
Considering the Constitution gives the States the right to coin money in gold or silver, they should.
The Constitution was written in parts and pieces then pieced together, hence we see the federal government also given the right to coin money but not just in gold or silver. Our founding fathers never intended anything but gold and silver backing as they knew the pearls of fiat currencies.
“But economist Yale Brozen...”
No offense to him or anyone else trying to make sense of the markets, but the markets are completely manipulated. The only thing that makes sense of the market is to study is robbery, fraud, deceit.
We do not have free markets, we gave government sponsored organized crime.