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Luangta Maha Bua Passes Away (the Gold Standard Monk of Thailand)

This story is a little over a year old but illustrates how the large Buddhist community supports a gold standard over fiat models. They play a big part culturally in Thailand, including their persuasion over the banks.

In a nut shell, Luangta Bua collected over 12 tons of gold for his countries reserve to save Thailand's economy from collapse. He died at the age of 97.

Photo of Luangta:

http://2.bp.blogspot.com/-Cx0iQ7tKExc/UH9Gob1rhhI/AAAAAAAAmt...

Read the whole story here:

http://www.nationmultimedia.com/2011/01/31/national/Revered-...