INVESTMENTS: A Future in Gold

In much of the world, gold bars and coins are still hoarded as a favored form of wealth—the kind that printing presses can never turn out. Indeed, despite the view of most economists that gold —or any other scarce but durable natural commodity—cannot reliably serve as the basis for complex modern monetary systems, recent devaluations and exchange problems have increased the number of gold worshipers. Apparently they are about to get a new temple.

This week in Canada the 350 members of the Winnipeg Grain Exchange are expected to approve the opening...

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