I always enjoy reading this debate between the gold-bug contrapreneurs and apple-pie econohobbyists. IMHO, the gold bugs typically draw a more likely conclusion and I want to believe the world will eventually call out the emperor for not wearing clothes. But there is this obvious geopolitical circumstance that neither side ever seems to consider: Uncle Sammy’s stockpile of over 5,000 pointy-tipped packages of potential energy, distributed across a robust network of airfields, silos, warships and submarines. One might argue that this unprecedented arsenal better secures the reserve status of a fiat currency, and the fraudulent banking system which spews it, than any imaginable vault of gold. What do you think?
