An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Pages
▼
Pages
▼
Monday, September 21, 2020
Zero Hedge — "Paper Gold No Longer As Important" - BofA Finds Physical Demand Now Key To Gold Prices
On a related but slightly tangential note; It always leaves me shaking my head when some people talk about returning to a gold standard while also suggesting they could do this and NOT have a guaranteed way for a citizen to exchange their cash for gold on demand. What have you accomplished if you say your money is “backed “ by gold but you don’t give the average guy the choice of holding gold or fiat? No serious gold standard person would accept a situation like that. If they do they aren’t capable of thinking it through and shouldn’t be taken seriously.
It’s the completely filled d bands that gets them every time...
“In the case of a completely filled outer 𝑑-shell (i.e. in the case of copper, silver, and gold), this screening is most efficient and the reason why these metals are noble. “
"BofA finds physical demand now key."
ReplyDeleteReally? That's what they pay these people for? It's always been key.
Right Mike
ReplyDeleteOn a related but slightly tangential note;
It always leaves me shaking my head when some people talk about returning to a gold standard while also suggesting they could do this and NOT have a guaranteed way for a citizen to exchange their cash for gold on demand. What have you accomplished if you say your money is “backed “ by gold but you don’t give the average guy the choice of holding gold or fiat?
No serious gold standard person would accept a situation like that. If they do they aren’t capable of thinking it through and shouldn’t be taken seriously.
It’s the completely filled d bands that gets them every time...
ReplyDelete“In the case of a completely filled outer 𝑑-shell (i.e. in the case of copper, silver, and gold), this screening is most efficient and the reason why these metals are noble. “
https://physics.stackexchange.com/questions/485590/role-of-d-band-in-metals
They just can’t resist a completely filled d band..,
It's a reflection on how unjust the current fiat creation/banking model is that a return to the dog's vomit of a Gold Standard is even considered.
ReplyDeleteIn post collapse, we may move to a Dried Fig Standard.
ReplyDelete