Gary North, Doug Casey, and the Goldbugs

Written up with some distain but great interest in the New York Times Magazine. Says Stephen Metcalf: “To a small but extremely avid subculture in the American financial community, gold doesn’t mean bling, or King Midas, or them thar hills. Gold is money; and not just money, but the one true money. The gold subculture divides along several lines — some of its members are gold speculators, some gold hoarders, some gold philosophers and some outright nut jobs — but it unites behind a single idea: Paper money issued by governments, when not redeemable for actual gold, is fraudulent. Most … Continue reading Gary North, Doug Casey, and the Goldbugs