“Many progressive economists insist that gold is now in essentially the same position as silver and that the arguments the simon-pure gold advocates use against the white metal can be directed with equal effect against their own fetish.”

— Benjamin Graham

Source: World Commodities and World Currencies (1944), Chapter IX, Commodities, Gold, Credit as Money, p. 100 (See also Karl Marx, Capital Volume I, p. 89)

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Benjamin Graham64

American investor 1894–1976

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