Fiat currency: Faith in faith

The dollar - like all man’s creations - is subject to improvement, says Bill Bonner.

Bill is away until 17 April. So in his absence, we're bringing you some of his most insightful, caustic and witty observations from the last 14 years. This article was first published on 16 June 2006.

Gold investors who had been holding their breath for weeks had it knocked out of them this week. On Tuesday, the price fell $44, enough to put speculators in a tailspin. Even your editor usually a rock of unproven opinions and a fountain of imperturbable prejudices began to wonder.

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