Friday, February 24, 2012

Gold Talking

I point you to a very good all round article today by Jeff Clark of Casey Research. I agree with gold as being money, but I would like to see how it could be used on a mass scale as money. It is divisible and maleable etc, which is all well and good for one on one physical transactions, but how we would incorporate gold into the complex money system we have now still needs a lot of study and agreement.

in New Zealand dollars: $2129.31 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $42.31 per oz
Previous all-time high: $59.19
per oz (30 Apr, 2011)

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