Comstock Inc (LODE)

[Darwind]

Interesting article.

South Carolina is now making moves like Utah did a few weeks back.

Pushing for a return to the gold standard

http://www.latimes.com/la-fi-gold-standard-20110603,0,7289166.story

D

PS good comment at the bottom.

t_dellwo at 1:22 PM June 03, 2011

Well at least one economist and former Federal Reserve Chairman advocates a return to the gold standard... Allen Greenspan. Here is a quote from his recent interview on Fox News.

"We have at this particular stage a fiat money which is essentially money printed by a government and it's usually a central bank which is authorized to do so. Some mechanism has got to be in place that restricts the amount of money which is produced, either a gold standard or a currency board, because unless you do that all of history suggest that inflation will take hold with very deleterious effects on economic activity... There are numbers of us, myself included, who strongly believe that we did very well in the 1870 to 1914 period with an international gold standard."