Business: U.S. AND BULLION: IN BARS WE TRUST?

Now that Americans are again permitted to own gold bullion, can widespread hoarding be far behind? Certainly many investors are likely to want to lay away some gold—just in case. A recent Gallup poll indicates that the greatest demand for the yellow metal will probably come from middle-class conservatives in the Western states, where vestigial distrust of Big Government and its powers to manipulate paper money remains strongest. Yet it is far from certain that the U.S. will become a nation of goldbugs, sinking lifesavings into 24-carat bars and furtively stuffing them under the floor boards. Says Harvard University Sociologist Lee...

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