There’s an excellent article by James Turk on the KWN blog:
Here’s a quote:
“Having filled the role of international money for 5,000 years, gold has been supplanted by fiat currency for the past 40 years because of government force. However, this nascent experiment with fiat currencies is not going well, as evidenced by growing global imbalances, unchecked increases in debt and financial derivatives, ongoing debasement of currency purchasing power and worsening monetary turmoil.”
