“In the absence of a gold standard, there is no way to protect savings from confiscation through inflation.
Deficit spending is simply a scheme for the hidden confiscation of wealth.
Gold stands in the way of this insidious process. It stands as a protector of property rights.
If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard”
Alan Greenspan 1968
Read this article - if you dare!
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2 comments:
I dared to read it.
For several years, we have been investing in precious metals, gold, silver, copper, lead.
Just being prudent, ya know.
Bob
III
Me too. I have impressive stocks of gold, brass & lead.
III
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