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The Gold Standard has not legally existed since 1966.
Nor has gold ever been an inflation hedge!!!
If one was going to store "physical" Silver, Platinum or Pallaidium
would be better and hold more value.
The interesting question to ask would be "who is buying all the gold?
and why?
Wait for the world wide contraction off credit and then watch what happens,
sharpen the pencils!!
Does the Maastricht Treaty cover all the other central banks in the world
that are selling Gold?,,,,,look a bit further afield for answers !!!!
Cheers
Stephen...from the Great Southern Land OZ.....!!!
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