More good semantic news. The FT.com used the term paper currencies when saying that gold is a bet against “all paper currencies.” The author could have said gold was a bet against the dollar or krona or euro. Increased use of the phrase “paper currencies,” will make paper currencies psychologically less valuable: would you rather have a paper currency or a product currency backed by a product.
- Swiss central bankster intentionally devalues currency
- Dollar price of gold could rise to $2500