"Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always be in limited supply, and would require real resources to produce even from the sea; paper and printing ink are not in limited supply. The gold system is much closer to a modern automatic scientific control system than the crude and relatively unstable system of paper." - William Rees-Mogg
It could well be that recent attacks by the OECD
and FATF on a number of offshore financial centres
may lead to a degree of bonding between
jurisdictions, but the OECD will no doubt be
dismayed to learn that that a delegation of
financiers from Malta made a flying visit to
Jersey this week to highlight possible
relationships between the two jurisdictions,
particularly given that Jersey was included on the
OECD's blacklist of tax havens, whilst Malta was
one of the six offshore financial centres which
promised the organisation it would conform with
international best standards of transparency and
mutual assistance.
