Tuesday, October 6, 2009

Jim Grant's Gold Parable

Here is a link from ZeroHedge about Jim Grant's Gold parable

Excerpt from the link:
"Gold has two interesting properties. It is cherished and it is indestructible. It is never cast away and it never diminishes, except by outright loss. It can be melted down, but it never changes its chemistry or weight in the process. Its price has been remarkably similar for centuries at a time. Its purchasing power in the middle of the twentieth century was very nearly the same as in the midst of the seventeenth century."

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