The Paste Eaters

Posted in Culture of Lickspittle, Fiat money fear and loathers at 1:10 pm by George Smith

When you have to start you column like this (it’s like starting one with “It’s not always a bad idea to beat your wife”):

Gold is not just a lunatic fringe investment

Gold is often derisively referred to as an investment that only kooks who are preparing for the end of the world in a bunker can love. But it might be time to stop with all the gold bashing.

Sure, plans to return to the gold standard may still seem a bit extreme. (Sorry Ron Paul and your loyal minions!)

Over at CNN, it’s peppered with “I am not a gold bug” and the disclaimer, “The opinions expressed in this commentary are solely those of Paul R. La Monica.”

At $1770 an ounce the average American in 2012 can really afford to make a killing in gold hoarding, lemme tell ya.

“Now I’m not trying to suggest that gold is the new Apple,” writes the paste eater, trying to have the glue and eat it, too.

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