Manarin Investment Counsel, Ltd.

From Thomas Sowell -

"Gold has long been a source of frustration for politicians who want to extend their power over the economy.  First of all, the gold standard cramped their style because there is only so much money you can print when every dollar bill can be turned in to the government, to be exchanged for the equivalent amount of gold.

When the amount of money the government can print is limited by how much gold the government has, politicians cannot pay off a massive national debt by just printing more money and repaying the owners of government bonds with dollars that are cheaper than the dollars with which the bonds were bought.  In other words, politicians cannot cheat people as easily."

Read the full article here: Like Freedom, Gold Cramps the Pols' Style