Fool’s Gold comes in many guises, whether it is in fake paper money, Ponzi investment schemes, fake and manipulated gold derivatives, Bitcoin, or just fake gold discoveries in Uganda, all of which are discussed in this article. ‘The tendency of an inconvertible paper money is to create fictitious wealth, bubbles, which by their bursting, produce inconvenience.’ – Lord Liverpool 1810 (UK Prime Minister 1812-27) The elegant and understated courtesy of the English is well known. “Inconvenience” is for an early 19th-century…
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