I love the old James Bond movie, Goldfinger, even if it does make a gold dealer and international trader the villain. One of my favorite parts is the hilarious briefing of M and 007 by an official of the Bank of England. He explains why gold smuggling is so dangerous: the gold stocks of the US and the UK enable them to know the value, relative and absolute, of their currencies, and any “leakage” is therefore damaging.

The Best of Llewellyn H. Rockwell, Jr.