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Gold is Money

Macleod: The Upside-Down World Of Currency

Authored by Alasdair Macleod via, The gap between fiat currency values and that of legal money, which is gold, has widened so that dollars retain only 2% of their pre-1970s value, and for sterling it is as little as 1%. Yet it is commonly averred that currency is money, and gold is irrelevant. As […]

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