Email of the day
Comment of the Day

February 02 2011

Commentary by David Fuller

Email of the day

More on US defaults:
"On the defaults of the USA mentioned in today's comment; I would like to add that the USA also defaulted on their obligation to sell gold at 35 usd/ounce in 1971. Those of us who are old enough would remember that...Thanks again for warning us on fiat currencies. What a wonderful service you give."

David Fuller's view Good point and thanks for the feedback. No country has ever been able to maintain the discipline of a gold standard.

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