Thursday, September 3, 2009
Gold, currencies, CNBC, & deficits make us rich?
Gold and silver are honest money. In a financial turmoil you want to protect your purchasing power. Gold and silver can not be created by the Central Banks, paper money as well as paper gold and paper silver are created ad infinity. This will end in a hyper-inflational spiral, comparable with the days of the Wiemar republic when the German reichsmark went south to zero value. Gold and silver keep their intrinsic value.
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