Monday, December 24, 2012

Zero Hedge — Demand For Gold "CombiBars" Soaring


Looking for a last minute gift? :)
...Swiss refiner Valcambi which has created a CombiBar, a credit-card sized, 50 gram block of 99.9 gold, which is precut, and which can easily be broken into one gram pieces....
Zero Hedge
Demand For Gold "CombiBars" Soaring
Tyler Durden

"Innovation," I guess.

2 comments:

MoveThroughIt said...

Moronivation, more likely. Break off a little chunk for taxes now, so it can be buried back in the ground to pay off "the debt".

y said...

Hayek:

"we must free ourselves from what is a widespread but basically wrong belief. Under the Gold Standard, or any other metallic standard, the value of money is not really derived from gold. The fact is, that the necessity of redeeming the money they issue in gold, places upon the issuers a discipline which forces them to control the quantity of money in an appropriate manner; I think it is quite as legitimate to say that under a gold standard it is the demand of gold for monetary purposes which determines that value of gold, as the common belief that the value which gold has in other uses determines the value of money."

"it is an erroneous belief that the value of gold or any metallic basis determines directly the value of the money."

http://mises.org/daily/3204