Photo: Wikimedia Commons
Interesting question that we’d like your input on…In his much-talked about op-ed yesterday, World Bank Chief Bob Zoellick suggested that gold was once again becoming a form of money — a new medium of exchange.
In suggesting that Zoellick may be among the “stupidest” people in the world, Brad DeLong argued that there’s zero evidence gold is becoming a new medium of exchange, but rather its rise was certainly the result of a hedge.
So we’ll through it out to you. Can you cite evidence to defend Zoellilck, that gold is coming money gain?