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<blockquote class="Quote"><div><strong class="bc-author">Pundit</strong> said:</div><div><blockquote class="Quote"><div><strong class="bc-author">NomoreGarciaparra</strong> said:</div><div><blockquote class="Quote"><div><strong class="bc-author">Pundit</strong> said:</div><div><blockquote class="Quote"><div><strong class="bc-author">Grandfather</strong> said:</div><div>Gold is just a commodity dudes.  Might as well back our currency in rap 12"s</div></blockquote>
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	gold is real money, shit like pork bellies and oil are commodities. gold may be traded as an etf, treated as a finanacial instrument like a commodity, but it's been an effective store of value for most of human history and always been the thing that societies have reverted to when fiat currencies have collapsed numerous times throughout history.</div></blockquote>
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	Ron Paul's brand of wingnuttery is every bit as inane and insane as Lyndon LaRouche's brand.   Returning to the gold standard at this point would be like basing the world economy on tulip bulbs.<br />
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	http://www.businessweek.com/2000/00_17/b3678084.htm</div></blockquote>
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	what does an 11 year old article comparing TECH STOCKS to the 1600s dutch tulip bubble have to do with Gold backed currency?</div></blockquote>
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	Nothing directly, of course.  I'm just comparing one brand of kookery to another.  And the gold standard fetishists are kooks, one and all.  You're a member of the libertarian cult, and the site you linked to links to every wackjob "Institute" under the sun.<br />
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	Once the words "Austrian School" come into play it's time to walk away.  <br />
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	You have every right to belong to a cult and to believe all of its precepts, but it just aint so:<br />
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	http://krugman.blogs.nytimes.com/2009/10/09/modified-goldbugism-at-the-wsj/<br />
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	http://web.mit.edu/krugman/www/goldbug.html

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