http://www.m2osw.com/taxonomy/term/616/all en http://www.m2osw.com/about-gold-money <p>Watching the spiraling price of gold (the spot price as of this writing is $1,213.40/oz) has been a humbling experience for me. There are all kinds of marketing forces happening to cause this, but if you follow what the Austrian School folks are saying, this is not a surprising trend at all. Central banks around the world are dumping their U.S. dollars and buying up gold, which is driving the price up. But I think this is different than just another commodity bubble, because the way gold is perceived--as a store of wealth. Traditionally investors who feel the currency they are in is threatened </p><p><a href="http://www.m2osw.com/about-gold-money" target="_blank">read more</a></p> http://www.m2osw.com/about-gold-money#comments Wed, 02 Dec 2009 18:53:14 +0000 Doug Barbieri 212 at http://www.m2osw.com