The Corner

A Gold Bug’s Gloating

In the course of today’s column, I address one of the questions of the hour — maybe the question of the hour: Can opponents of Obamacare possibly repeal it? Possibly roll it back? Let me do just a little quoting:

When I was coming of age, politically, there were people who argued for a return to the gold standard. Why, they wanted a dollar “as good as gold.” Jack Kemp was one such person. They were known, slightly derisively, as “gold bugs.” I don’t think there are gold bugs anymore — at least they are pretty quiet.

Will those who want to repeal Obamacare come to resemble the gold bugs — hopeless lost causers? I certainly hope not.

Anyway, a reader sent in the following:

Jay,

You ask whether there are still “gold bugs.” Yes, we’re out here, and I have the impression there are a lot more of us lately.

Those of us who’ve been around for a while (and I’m only 48) are recognizable because we have no debt, we own our homes, we suffered no losses with the 2008 financial collapse, we have very small bank accounts but lots of gold, and we’ve made piles of money on the exploding dollar worth of gold!

“Piles of money” — sounds all right to me . . .

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