Tuesday, September 28, 2010

Gold is the final refuge against universal currency debasement

It's called beggar thy neighbor economic policies. As the world begins to awaken to the global currency debasement, an arduously slow process from the public’s perspective, gold's relentless and accelerating rise will reflect the strength of this refuge.

States accounting for two-thirds of the global economy are either holding down their exchange rates by direct intervention or steering currencies lower in an attempt to shift problems on to somebody else, each with their own plausible justification. Nothing like this has been seen since the 1930s

Source: telegraph.co.uk

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