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Random featured blog entry from Cableboy

New Universal Currency

Posted 01-21-2009 at 12:06 PM by Cableboy
A New universal currency

I love forex trading, but sometimes I think the whole concept of currencies is one of man's more stupid inventions. Why? because they are not really a store of wealth. Inflation basically destroys wealth, and exchange rate movement is just this wealth being competitively destroyed by the policies of different governments.

That is why gold is so strong at the moment: It doesn't pay interest to hold gold, but it is a super store of wealth. Why? Because...
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