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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