Get SF Weekly Newsletters

Tuesday, February 26, 2008

Pirates, Ron Paul Totally Stoked About the Price of Gold

Posted By on Tue, Feb 26, 2008 at 8:08 AM

click to enlarge scrooge_mcduck_thumb.jpg
Arrrr, mateys, the price o' gold be climbin' ever higher! The Chronicle be reportin' day before this one that it be hittin' an all time high of $958.40 of your useless paper dollars! I actually had every intent of writing this entire post in pirate talk, but, arrrrr, I be findin' it difficult at this wee hour. "If you want a dismal view of the future, talk to a gold dealer," says Burton Blumert, who owned Camino Coin Company in Burlingame. In 2000, an ounce of gold was worth only $280, but the price of gold started climbing in 2001 and didn't stop. Basically, the higher the cost of gold gets, the closer the status of paper money comes to toilet paper. (click 'more')

Not surprisingly, Blumert is a close friend of libertarian presidential candidate, Ron Paul, and both think that the US would be better off using gold as a form of currency in lieu of paper money. The catch is that in order for gold to prevail, the current system has to crumble. "Many of my clients would like to be standing in the rubble of our society saying, 'I told you so,'" Blumert says. So, the bottom line is that our economy bites and if you know anyone who has invested a significant amount of money in gold, you should ask if you can share their pile of rubble after the revolution comes. If you have a sweet tooth, feel free to share my rubble pile where the gold coins are filled with delicious milk chocolate. Yarrrr. –Andy Wright

  • Pin It

Tags: , , ,

About The Author

Andy Wright

Comments

Subscribe to this thread:

Add a comment

Popular Stories

  1. Most Popular Stories
  2. Stories You Missed

Like us on Facebook

Slideshows

  • clipping at Brava Theater Sept. 11
    Sub Pop recording artists 'clipping.' brought their brand of noise-driven experimental hip hop to the closing night of 2016's San Francisco Electronic Music Fest this past Sunday. The packed Brava Theater hosted an initially seated crowd that ended the night jumping and dancing against the front of the stage. The trio performed a set focused on their recently released Sci-Fi Horror concept album, 'Splendor & Misery', then delved into their dancier and more aggressive back catalogue, and recent single 'Wriggle'. Opening performances included local experimental electronic duo 'Tujurikkuja' and computer music artist 'Madalyn Merkey.'"