Private Currencies Give Precious Metals Investors Hope
Alas, as long as governments have been charged with the task of issuing currency, they have also made it their job to inflate them out of existence.
The best way to prepare in this jobless recovery is to buy the basic commodities, and for monetary inflation, nothing is better than simple gold and silver coins.
Alas, as long as governments have been charged with the task of issuing currency, they have also made it their job to inflate them out of existence.
Gold and silver aren’t rising in price because investors are pricing them way out of their league; instead investors are noticing what so many of us already have—gold and silver are currencies.
Last week, the US Treasury began to unwind its position in Citigroup stock, which it purchased as part of the Troubled Asset Relief Program that began in 2008 to rescue failing banks. While some claim this move will reduce the money stock available in the economy, the program is unlikely to have any impact [...]
Even with unfair taxing schemes by the federal government, the advantages of gold and silver as a store of wealth are not lost.
