Gold and Silver Pawn Shop History ChannelGovernments cannot print it out of thin Gold is real money. Do you smell worldwide fiat money collapse? The current financial system based on USD will topple! This means worldwide financial instability and panic. When it collapses it affects all other currencies. USD is the world reserve currency. Do you smell monetary collapse? The man on the street will look at his USD and quickly seek to exchange it for Gold. When the USD collapses, everyone is affected worldwide and not just a certain investor class.
Guardian Gold and Silver ExchangeMy feeling is that the effect for Gold will be even more stunning. That is what happened to bond prices. Impossible? Gold prices will rocket upwards to the stratosphere. The same thing will be repeated in the Gold market. The irrational herd instinct sent bond prices skywards and yields to zero! Think about what happened when investors flooded into treasuries in Oct and Nov 2008. Demand has now reached such unprecedented levels that the Perth Mint, Australia's biggest wholesaler of gold coins and bars, has been forced to ration its sales. Worried investors seeking a safe home for their money are plowing billions of dollars into the precious metal in a bid to preserve their wealth. THE global financial crisis has sparked a new gold rush.
There are many smart investors today that are putting a hedge against the devaluating value of their paper money and exchanging it for hard assets like gold and silver. Cash is trash, according to Robert Kiasaki, who is one of the world's leading gurus in entrepreneurship and investments.
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