Despite the powerful attempts of governments to eradicate gold’s role in monetary affairs, the free market price has risen continuously. Today, although the possibility of global depression act as a head wind, the existence of an “above market” premium for fabricated gold, may foretell a major threat to the credibility of paper currencies, a major U.S. dollar devaluation and a consequent strong rise in the price of gold in the months ahead. FULL ARTICLE
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2 comments ↓
As all this new bailout money starts spreading through the economy, the dollar is going to nosedive. Where should assets be? Out of the US dollar, that’s for sure. Gold, silver, foreign currencies and commodities maybe?
“Today you can go to a gas station and find the cash register open and the toilets locked. They must think toilet paper is worth more than money.”
I don’t know who said it, but a great quote!
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