• More on Gold and Bit Coin

    From BOB KLAHN@1:123/140 to ALL on Fri Jan 10 05:39:50 2014

    Ok, this is really about Gold, but part comes from Krugman's
    commentaries about the Bit Coin.

    Krugman points out that the Gold Standard really consists of
    miners digging gold out of the ground so it can be buried again
    in vaults.

    He also refers to Adam Smith, and Smith's consideration of paper
    money allowing a nation to avoid sinking it's wealth in a dead
    stock like silver or gold.

    Just a bit of info picked up recently.

    BOB KLAHN bob.klahn@bex.net http://home.toltbbs.com/bobklahn

    ... I am Ray Charles of Borg: The "right one" is irrelevant, baby!
    --- Via Silver Xpress V4.5/P [Reg]
    * Origin: Fidonet Since 1991 Join Us: www.DocsPlace.org (1:123/140)