The comment section under Zerohedge articles is a good place to pick up on the Zeit Geist. It's a place where ideas are exchanged among like minded individuals.
A comment that got my attention today was by an individual who's having his house painted. Instead of denominating the contract with the painter in dollars, it was denominated in gold. The painter is to get two one ounce gold coins for his troubles.
The motivation for this, shared by the house owner and the painter, is a concern with inflation. They are sceptical to the dollar, and prefer for this reason to do business in gold. Furthermore, this type of payment is private. It's up to the painter to declare this as income, loss or not at all. It's easy to imagine that the house owner got a discount on the dollar price for this reason alone.
It appears then that gold is already starting to circulate in the economy.
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| Gold eagle |
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