A Platinum Parachute?
Remember when gold used to be a big deal? America adhered to the Gold Standard, and a musician was excited when their album “went gold,” meaning it sold more than a million units. Then, during the 1970s, Nixon abandoned the Gold Standard and gold-status for albums got downgraded to only 500,000 units and platinum-status was given to the million sellers. It’s been downhill for poor gold ever since. And now platinum’s all the rage again with everyone debating the “platinum coin” option for bypassing the debt-ceiling debate in the United States. Read more
