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glasstiger
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John Dizard: US dollar-clearing rules make gold the new green - Chris Powell - GATA

I know of whence you talk. There sure are many interesting developments all around.
Bitcoin may be slightly ahead of it's time, whereas paper and banking as we know them
are likely headed for extinction.

Commented 3567 days ago

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Beginning of the headline :By John Dizard Financial Times, London Friday, July 11, 2014 http://www.ft.com/intl/cms/s/0/feedf9cc-08e0-11e4-8d27-00144feab7de.html... Pecunia non olet. (Money has no smell.) -- Emperor Vespasian (69-79) to his son, Titus, when Titus protested a tax on urine. * * * There is a fresh wind behind the dollar price of gold, which is also increasing the reported and unreported volumes of physical trading in the metal. Thanks to what one (non-banker) friend of mine calls the "dangerously stupid" pun... Read More

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