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2020-01-25T14:31:04.003Z

In one of his most famous phrases, Keynes called gold "the barbaric relic." Indeed, and as much as the members of the gold-standard religion bother them, the value of gold



In one of his most famous phrases, Keynes called gold "the barbaric relic." Indeed, and as much as the members of the gold-standard religion bother them, the value of gold is no more solid than that of paper-money. In itself, gold is not worth much, because it is useless, with the exception of a few industrial uses. Gold bugs , as Americans call gold investors, are buying something that has an arbitrary value set by the supply and demand of

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Source: elmuldo

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