[DallasMike]

For a few months in college in the late 1970s, I bought the gold argument. After my first economics course, I realized that it was a lot of hooey meant to scare people. Money is nothing more than a contract to enable people to store and transfer wealth. You can use paper, electrons, gold, a "basket" of commodities, or camel dung -- it's all the same.

[steve50]

I've read Greenspan's monetary theory since he sold out, ramblings of a total idiot in my book.