Copper $ 5.359 / lb -2.36%
Brent Crude Oil $ 61.12 / bbl -0.78%
Palladium $ 1542.7 / ozt 0.44%
Crude Oil $ 57.44 / bbl -0.78%
Natural Gas $ 4.113 / Btu -2.79%
Silver Futures $ 62.007 / ozt -3.09%
Aluminum Futures $ 2788 / ton 0.00%
Micro Gold Futures $ 4360 / ozt 0.37%
Micro Silver Futures $ 62.007 / ozt -3.08%
Platinum $ 1762.5 / ozt 2.89%
Gold Futures $ 4328.3 / ozt 0.45%
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Yes we create money out of thin air; quit worrying about it

Michael Allan McCrae | June 06, 2012 | 5:24 am Precious Metals Gold 

Gold bugs who want to lash currency to bullion miss the essential point of what money is and what it is designed to do, says James Surowiecki writing for IEEE Spectrum. The housing crisis and the mess in Europe makes people...

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