The intellectuals are committed to the expansion of the power of the state. Even those members of the academic community who say that they are not in favor of the expansion of the power of the state are, in fact, in favor of the expansion of the power of the state in the central institutional area that coordinates all other economic decisions: the monetary system.
Because of this, individuals who have decided that the fiat currencies of the world are unreliable, because the politicians are unreliable, face an uphill battle. They face ridicule. They may face self-doubt. They hear constantly that gold is not a good investment, that gold is not a reliable standard for the monetary system, that gold is a barbarous relic. They must take a stand against these anti-gold opinions, and they feel hard-pressed to come up with answers against the technical criticisms of the gold standard. I have watched this for over 40 years.
The dollar is falling and gold is soaring. Got gold? Or are you waiting? Read Gary North's column if you are waiting.
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