Gold, Bread and The Bible

With journalists attention to Mr. Trump’s favourite Bible passage in mind and the gold price stagnating as bond yields keep falling even after the first federal funds rate rise in some years, a Bible passage from Genesis 47,15 about the devaluation of money comes to mind.

And when money failed in the land of Egypt, and in the land of Canaan, all of the Egyptians came unto Joseph and said, Give us bread: for why should we die in thy presence? For the money faileth.

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