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The price of gold has surged above $5,000 per ounce, and many have noted that central banks are buying more gold for their reserves. Others have claimed this is a flight away from the dollar. That’s true in a narrow sense, but the flight to gold is really more about a flight from fiat currencies overall, and not just the dollar.
Also today: Murray Rothbard recalls how some “founding fathers” fought to delete the Bill of Rights.
Ryan McMaken, Editor-in-Chief
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