Tuesday, January 26, 2010

The Wizard of Oz?

"The Wizard of Oz was basically a metaphor for going to the gold-only standard (The Yellow Brick Road). There’s a gentleman, whose name I can’t recall, who wrote an article that’s on the Gold-Eagle Web site about how the gold-only standard eventually leads to the fiat system (The Wizard), but when you have bi-metalism, which is where you have both gold and silver circulating freely, not necessarily a fixed ratio by government but what the market could decide, you have a much freer and safer system."


David Morgan is the founder and creator of the Morgan Report, and often quoted as the most influential and knowledgeable person in the Silver Investment community. He is interviewed worldwide for his knowledge.