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
To continue reading, become Premium
Are you already Premium? Log in
Monthly
Launching offer
€ 1
first month
after € 7.99
I want itDiscover what is Premium
Cancel whenever you want
Check the terms and conditions of the service
According to the criteria of The Trust Project
Know more