The Phaserl


Another Day, Another Attack on Gold

from The Daily Bell:

Don’t be fooled: Gold is no currency … An investment in search of a believable story …Gold is an investment in search of a story — or at least one that’s true more often than not. That’s not to say there aren’t lots of tales told around gold … Gold bugs spun that yarn on the notion that paper currencies — especially the dollar — were having their value destroyed by reckless, money-printing central banks. We had reached a long-overdue moment, they told us, in which gold is recognized as the only reliable store of value with which to protect future purchasing power. – MSNBC

Dominant Social Theme: Gold? Fuggedaboutit.

Free-Market Analysis: Here once more we see the mainstream media taking aim at money metals. The idea is to discredit gold as an investment.

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