hal9000

One quality of gold that sets it apart from commodities and makes it ideal money, besides rarity, is that it is a luxury item and is not consumed like oil or copper. I was just reading this interesting article about gold re-monetisation (must be the theme this evening) and game theory: http://unqualified-reservations.blogspot.c...ame-theory.html Snippet:

Hi all, I had this article bookmarked and finally got around to reading it. Not sure where it came from (itulip I think) or when it was written, I think it's a good read. So when the bottom falls out will gold holders be seen as heros or villains? My guess would be villains (hoarders) making it easy for governments to wack a 90% cgt on it or outright confiscate it. A return to the Bretton Woods international gold standard created in 1944 is inevitable http://fourthcurrency.com/ Of particular interest to me was the snippet below:

Something fishy about this. People get less time in jail for murder. Whatever this guy did pales in comparison to some of the swindles we've seen commited by the pillars of society in the last 2 years. I've read some of his articles and they seem a bit rambling and I can't see much in them that would threaten TPTB.