As I watch Gold being hammered by the Gold Bullion banks the last few days, all I can think of is they gave us a gift, the opportunity to BUY more Gold and Silver at lower prices. Their efforts are futile.
Please read this great paragraph from JSMineset.com
AND BUY MORE GOLD & SILVER!!
Paper Money Collapsing against Gold
The problem with paper money is that governments can create unlimited amounts. This is what they have done throughout history and especially in the last 100 years and which has led to the total destruction of most currencies. Most people don’t even understand that their government makes their money worthless. Money printing gives them the illusion of being richer whilst all they have are pieces of paper with more zeros on them. But there is one currency that governments can’t print which is gold. Gold has been real money for almost 5,000 years and it is the only currency that has survived throughout history. Gold can’t be printed and no government controls it. Therefore gold will, over time, always reveal governments’ fraudulent actions in creating money out of thin air. And this is what we are experiencing currently. Gold is not going up. Instead gold is doing what it has always done, namely maintaining its value and purchasing power.
What we are seeing currently is the total annihilation of paper money whether it is Dollars, Pounds or Euros etc. The chart below shows the US dollar against gold. In the last 10 years the dollar has declined by 79% against gold. Most currencies have declined by similar percentages. So it is an illusion to believe that gold is going up when it is the value of paper money that is going down. All gold is doing is to reflect the virtually limitless printing of paper currencies. Since gold can’t be printed, it is the only honest currency that exists. This is why many governments don’t like gold increasing in value against their paper money since it exposes their total incompetence in running their country’s economy.
The writer of wayneisaksen.com has written a superior article. I got your point and there is nothing to argue about. It is like the following universal truth that you can not disagree with: No man can ever know both what a woman is thinking, and how she will act on this, at the same time. (apologies to Heisenberg) I will be back.
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Thanks for this excellent read. I liked every little bit of it. I bookmarked this and will be reading again.
The writer of wayneisaksen.com has written a superior article. I got your point and there is nothing to argue about. It is like the following universal truth that you can not disagree with: No man can ever know both what a woman is thinking, and how she will act on this, at the same time. (apologies to Heisenberg) I will be back.
Thanks for this excellent read. I liked every little bit of it. I bookmarked this and will be reading again.
Bonjour I would love to find out where you got this blog template from I love it!
Bonjour I would love to find out where you got this blog template from I love it!
WordPress
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