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Obsessed with how companies manage, spend and save money, Jason writes about procurement, trade and supply chain issues @ Spend Matters. He has significant first hand experience developing and marketing technology and services products, has advised numerous companies on sourcing and related techniques as well as M&A pursuits.  In previous lives before tech, he was a management consultant and merchant banking analyst.

One response to “Gold, Commodities and Procurement Strategy — A Big Disconnect”

  1. Marty Zigman

    Jason,

    I think that the general public is not clear what Gold is. It is a hybrid between real money (purchasing power) and a commodity. In fact, all money comes into existence through commodities. The public determines what commodity best serves the purposes of money which primarily is to support exchange. In prison, it may be cigarettes. Over the course of history, people chose gold.

    Now, we are on a paper standard brought forth through government declaration and power. All paper systems have eventually failed. Today, we face the most significant financial crisis of our lifetime. In the uncertainty, people are seeking safety. Gold generally does well during crisis. We are not out of this crisis and our government’s action is to devalue the currency.

    For anyone really interested, “What Has Government Done to Our Money?” by Murray N. Rothbard is especially illuminating: http://mises.org/money.asp