Hello dear investors. I just came across a very interesting article written by David Galland in the latest edition of the Escape from America Magazine.
Some interesting quotes:
In my view, it [the bubble era] is largely due to the massive amount of money in various forms sloshing around the globe, most of which emanates from the Quicky Print Fiat Money Machines which have been reliably chugging away at central banks around the globe for decades now.
Exactly! Bullseye!
And gold?
Well, while useful in certain industrial applications, gold as a commodity has a unique utility – it is considered as tangible money the world over. It is portable, easily divisible, durable and unquestionably accepted around the world. In an environment of a global crisis in confidence in fiat money, gold will provide a critical function that will only grow in importance in the months and years just ahead.
Indeed. When the people finally realize that the emperor wears no clothes, gold (and arguably silver) will be flocked to en mass by panicky investors. I believe that even at today’s price gold is still relatively cheap. The nature of the fiat game is like that of a drug junkie – the printing presses can’t stop or the whole ugly financial superstructure build upon a shaky foundation of debt will come tumbling down.
Well, I don’t want to steal the limelight. Click here to read Mr. Galland’s article.