Zimbabwe, a road too often traveled
The history of paper money is that it is printed until it is worthless. The Zimbabwe dollar is the perfect example.
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The history of paper money is that it is printed until it is worthless. The Zimbabwe dollar is the perfect example.
. . . so writes Ben St. Clair in a recent issue of The Wall Street Journal. The essence of St. Clair’s argument is that gold is down 4% this year and that lower prices have not generated buying. But, has gold lost favor as a safe haven? No, and here is one reason why