Dude, where’s my gold?

Jan Skoyles, of the Real Asset Company, dares to ask an unaskable question, to wit, if gold is a useless inert worthless barbarous metallic relic, then why are central banks so obsessed with it, why do they hold it at all, and why are they increasingly concerned about holding it outside of their own borders?

Surely they should just sell it and buy other paper currencies with it, which are much more useful and valuable, or even give it all away for people to turn into golden bathware?

In a similar vein, you may also want to read Gary North’s recent missive, on a similarly related topic:


About Andy Duncan

An Austrian Internet Vigilante trying to live Outside the Asylum
This entry was posted in Austrian Economics and tagged , . Bookmark the permalink.

Leave a civil and intelligent reply - Comments will be moderated

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s