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Trump Advisor calls for Gold Standard: “Money that transcends borders and time”

“In terms of gold being involved, some people may think of that as a throwback, but I see it as a sophisticated, forward-looking approach because gold is neutral and it’s universal. It’s a well-accepted monetary surrogate that transcends borders and time. If you look at the foreign reserves of the most important countries, they keep them mostly in gold. I don’t want to read too much into it, but it proves that gold is not some barbarous relic.”

http://www.marketslant.com/articles/trump-econ-advisor-wants-return-gold-standard

Comment: A good read from the only woman on Trump’s team of economic advisors. Dont know if you would describe as a Goldbug, but she certainly has some ideas for Gold.

To Larry I say…

Monday Morning… Get Up you SLACKERS!  Gold market is open and we need a full crew.

Looks like we need more power. Portrait of a Giant. The largest rigid frame steamer ever built. (Challenger and Big Boy were larger, but they were articulated frames) These were called ‘the 9’s’ because there were nine wheels on each side, in a 4-12-2 configuration. Union Pacific had 88 of these monsters for hauling freight across the midwest.
http://www.railpictures.net/photo/585813/
http://www.railgiants.org/union-pacific.htm