Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Amazing story of an Asian nation that's going on the gold standard
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Friday, September 03, 2010
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By The Daily Crux:

The Muslim-led government of Kalantan, a region of Malaysia, recently introduced Islamic-style dinar gold coins as an alternative to the U.S. dollar and other paper currency.

The movement was led by Umar Vadillo, a Spanish-born Muslim convert who believes the U.S. dollar standard is unfair. He and others point to the fact that the world's developing countries are dependent on the limited sale of commodities for income, while the U.S. is free to create as many dollars as it likes to buy them. He says gold and silver coins are "what it means to be free."

You don't have to agree with the sentiment, but you should know that these ideas are unlikely to go away. More and more people - Asian, American, and otherwise - appear to be coming to the same conclusions.

Invest accordingly...

Read full article...

More on gold:

How to know when to buy more gold

Marc Faber: We have a new gold standard

George Soros and John Paulson love this gold stock

Topics: Gold | Asia | Cruxallaneous
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