Radical conservatives, such as Cruz, and libertarians believe gold to be a hedge against inflation. It is curious to be concerned about inflation at a time when it is at historic lows and short-term interests rates are at zero, making borrowing money just about free.
François Meyronnis's manifesto on the true global crisis, entitled Proclamation sur la vraie crise mondiale, is certainly the best text available for those who seek to understand the mechanisms and inner workings of "globally integrated capitalism."
President Obama, gold-bug message boards say, is working to confiscate all gold in private hands and even the Libertarian Party has deleted overt references to the shiny stuff from its platform. In fact, gold has only one major friend in the national spotlight: Ron Paul.
On Sunday, Jonathan Gold held his fifth annual Gold Standard culinary event. This one is an ethnic food paradise, where foodies pay for an afternoon of eating and drinking until you drop... of exhaustion, stomach seizures and such.
Democrats and progressives must become more willing to engage in monetary policy conversation and make the case for keeping the Fed, for using QE and stimulus to get America out of recession, and for more robust financial regulation.
Austrians prefer limited government -- limited to enforcing contracts made voluntarily between free individuals. They don't want government to print and inflate money as that allows them covertly to reduce private wealth, transferring it to themselves.