``Faced with the alternative of ceding monetary supremacy to the Chinese the gold standard will be the only politically palatable option. In addition, all those gold cranks the liberal media spent decades portraying as fools are going to look pretty smart when gold hits $2,000 an ounce. With enough think tanks in Washington rehabilitating gold as a respectable monetary anchor and ratings agencies threatening to reduce T-bills to junk bond status, hard money will have its day in court.''

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