by Valentin Schmid
The Epoch Times
Whether it’s up or down today, gold is always a hot topic. If you say it has value or that it is money, you may even get ridiculed.
This is a completely unedited excerpt of an email I received this morning from an undisclosed commentator on my recent interview with James Grant. Grant is in favor of a gold standard.
“Mr. Grant would prefer a monetary system tied to the amount of gold dug out of the ground to one based on the untrammeled discretion of Ph.Ds. Thus comes his ascertain ‘failure of Central Bankers on the PHD Standard’. Grant wants Gold rather than Dollars to take-to-bed at nights…something that the whole world’s financial experts agree will never come to pass.”