US Gold Reserve Act
I used to be Keynesian and thought that inflation was a free tax that was also good for investment and growth.<p>Now I understand that it leads inexorably to ruin.  It creates a situation where you have to invest in markets, which removes the link to value, e.g. &quot;the market always goes up.&quot;  Growth investing is an oxymoron and just a variation of a Ponzi Scheme.<p>We&#x27;re at a watershed moment in modern history.  In the coming months and years, countries will have to return to a gold standard and when they do, they will have to either limit gold sales, deeply penalize it, or just like in 1934, confiscate it.  This has all happened before.