Pundits are pooh-poohing the plank in the GOP platform that calls for a commission to examine “possible ways to set a fixed value for the dollar,” declaring it a sop to Ron Paul supporters. And indeed this was a motivation of hard-core political calculators around Governor Romney. But these self-styled, world-weary cynical types didn’t put this item in of their own volition. They went along with it because it was pushed hard by Tea Party groups and several U.S. senators and representatives, as well as Ron Paul devotees.
Gold won’t be a sizzling issue this fall. The economy, entitlements
and, possibly, war in the Middle East will dominate headlines. But the
yellow metal will be a hot topic in the next 24 months. The commission
is going to take on an importance that will astound today’s political punditry, besotted as they are with stale Keynesian quackeries about
money, taxes and spending.
Why? Events economic and political. The ever deepening financial
crisis around the world will force the new Romney-Ryan Administration to
consider–and quickly, too–dramatic measures to deal with the disaster.
-- Steve Forbes (via pbo)