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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.

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Anything Deteriorate Escape Fiat Money Perceive Seem

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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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Gold Governor Happen Little Market Question Raise Treasury
If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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Credit-default swaps, I think, have serious problems associated with them.
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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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There is no evidence that the business cycle has been repealed.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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Confiscation Deficit Hidden Safe Scheme Spend Store Value Wealth
The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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Almost Came Deficit Destabilize Chronic Realization Stark Surplus
I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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Significantly opening up immigration to skilled workers solves two problems.
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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