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The Age Old Fight to Make Money as Good as Gold In 1948, Rep. Howard Buffett (Republican congressman from Nebraska and father of investor Warren Buffett) delivered a speech to a group of businessmen in which he called for a return to the Gold Standard. He said that when US citizens lost the right to redeem paper currency for gold, in 1933, they lost their freedom, and that they were doomed to endless deficit spending and inflation unless paper money was once again backed by gold. Some of Rep. Buffett's comments will sound remarkably fresh, as when he talks about the devaluation of the ruble and the difficulties of reducing the national debt. We here reproduce excerpts from his speech, along with an article written 50 years later by Dr. Lawrence Parks, Executive Director of the Foundation for Advancement of Monetary Education. Dr. Parks echoes Rep. Buffett's theme, and says that traditional reasons for buying gold are no longer valid, but that buying gold in advance of the reemergence of gold-backed currency could be enormously profitable. Coin Connoisseur does not necessarily reject the traditional reasons for owning precious metals, but we respect Dr. Parks' scholarship and efforts on behalf of hard money. Human Freedom Rests on Gold Redeemable Money by Hon. Howard Buffett It's Not Your Daddy's Gold Anymore Why the reasons for holding gold today are different from 30 years ago by Lawrence Parks   BACK