Here's an interesting article submitted by a student from one of my economic history classes regarding a recent bill passed in the Utah State Legislature, re-establishing gold and silver as legal tender in the state.
http://www.thenewamerican.com/economy/markets-mainmenu-45/6894-gold-silver-now-legal-tender-in-utah
My Sister is studying to be a material science engineer. She told me that a lot of the awesome new nano technologies that we keep hearing about require gold to construct them. If that is the case it is likely the demand for gold will continue to increase. I've been also hearing that gold is the "ultimate Bubble" by George Sores and when it pops investors are going to lose big. I personally side with my sister and think that demand for gold will continue to increase. I don't think we should use it as specie because we should use the gold for more practical uses like nano tech.
ReplyDelete