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Crystaline Gold

As an example of what I regard as the inordinate fixation on gold that I continue to see, LewRockwell.com has on their home page at the close of 2010, the article:

The Economic Flop That Was 2010
Except for gold, it was flat and lifeless from the get-go. Obituary by Bill Bonner.

The article itself only makes a single reference to gold at the end of a long chain of bad news. “Gold investors end the year nearly 30% richer.

Why the inordinate fixation on gold? Especially this year, when silver is up 80% from a year ago today, from $16.99 USD an ounce to $30.63, and palladium is up 97%, from $402.00 USD an ounce to $791.00 on the London Fix.

You can scarcely find mention of platinum and palladium in the libertarian forums. For some reason, platinum remains the overlooked investment metal and currency, and palladium has outperformed gold and silver for the second year in a row.

The primary justification given for the mass ignorance of platinum and palladium is that they have never had a historical monetary use (which is false). Their monetary use, as evidenced by having international currency codes, has been less primarily because their extraction wasn’t feasible until modern times, not because they were never feasible as currencies.

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