It's A Great Time For Gold Bulls, But Gold BUGS Are Still Totally Wrong

[runningdiz]

http://finance.yahoo.com/news/Its-A-Great-Time-For-Gold-siliconalley-4234229269.html?x=0&sec=topStories&pos=9&asset=&ccode=

If you need a good laugh this morning read this article. There is zero logic in the article which makes it a rather amusing and quick read.

[Pennsylvania]

There is a difference. The latter are folks who are convinced that gold is the One True Currency, and they repeat lines like: "no fiat currency has ever survived, so the US dollar is doomed."

This is absurd for all kinds of reasons, notably for the fact that no single government entity has ever survived very long, nor has any gold-backed currency.


He appears to contradict himself with these two statements. At least, he doesn't actually provide a "reason" for the absurdity of the idea that fiat currencies always expire.