Friday, June 11, 2010

Golden Rule

Say that you'll never, never, never, never need it
One headline, why believe it?
Everybody wants to rule the world
--Tears for Fears

Nice quotable quote on gold recently by the one guy in DC who both gets it and is not afraid to say it:

"Gold is not a typical investment. It is a defense against the predictable behavior of goverments to debase a fiat currency under its absolute control. The people who run the printing presses have trouble shutting them off. In order to limit one's exposure to this reckless behavior, it is wise to exchange unsound assets for sound ones."

position in gold

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