Gold fetish

A friend sent this link about the pending hyperinflation in the US

http://www.shadowstats.com/article/292

If you recall, Mexico in the mid-1980's experienced hyperinflation. I thought for sure there would be a revolution, but there wasn't. The poor had no savings and so were relatively unaffected. The rich had assets: land, factories, foreign bank accounts. Only the people who kept Pesos were wiped out. Maybe the best policy would be to spend all the paper stuff while it still has value. Party on!

And frankly, gold is a fetish. Asians are wilder about it than the round-eyes, but fundamentally it has no more value than the seashells used by the Pacific islanders. The US went off the gold standard because the supply of gold-based money could not accurately mirror the increase in actual wealth: corn & wheat, internal combustion engines, microprocessors, penicillin. That said, the primitive wiring in the human brain will not go away anytime soon so it's probably good to stash some gold, but you'll need to have gold coins in small enough denominations to pay your electric bill and buy your six-pack of Heiniken.