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WASHINGTON -- One of the many television commercials exhorting viewers to buy gold says solemnly that it is an asset whose value "has never dropped to zero," a boast that surely sets a record for minimalism. Still, the world's appetite for gold as an investment option is intensifying. Last month, India purchased 200 tons of gold at $1,045 an ounce, before the price topped $1,108 on Monday. China, too, may increasingly diversify from paper -- i.e., bonds -- into gold, the price of which, some experienced investors believe, could soar to $2,500 an ounce in three to five years. One...
A Gold Standard on Debt
Spending is the enemy. Until we get Federal spending significantly reduced (and not just the typical military cuts but real reform like gutting useless depts. like eduation and energy et al) the troubles will continue. Some posted here love to fall back on the blame "W" syndrome. It is tiresome. He spent too much yes, most on responses to 9-11 right or wrong, he felt compelled to defend and protect America as he is sworn to do, and the war again right or wrong. Even with all of that he hovered around 6% of GNP.
We are...