The Gold Rush of 2006

Another reason why I’m not a gold bull: Higher prices mean more exploration.
It’s always been this way. The panic of 1893 and the Free Silver candidacy of William Jennings Bryan were eventually defeated. Not by President McKinley (or his political advisor Mark Hanna, whom Karl Rove greatly admires), but by the discovery of gold in the Klondike.

Posted by on January 17th, 2006 at 7:35 am


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