Some things never change…
News
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Posted 12/08/2014
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3490
In a world dominated by unprecedented amounts of new and cheap money and debt it is always worth stepping back in saner times for some perspective. US Senator and the longest-serving United States Secretary of the US Treasury Albert Gallatin once famously said:
“Nations, differing in language, religion, habits, and on almost every subject susceptible of doubt, have, during a period of near four thousand years, agreed in one respect; that gold and silver have, uninterruptedly to this day, continued to be the universal currency of the commercial and civilized world”