Gold is the ultimate currency - - the only real money in the world! Here are three reasons why this has never been more true than today.
1) There is NOT a single central bank or financial institution in the world that can create more gold. Its supply is extremely limited. All the gold ever mined in the history of the world would fit into two Olympic-size swimming pools!!
2) Meanwhile, every central bank on the planet is printing fiat money like crazy. They don't have many other choices. Here in the U.S., the Federal Reserve will likely end up creating at least $3 TRILLION of new money to throw at the economy. But, and this is very important, when the wheels of commerce and business begin to turn again . . . when banks begin to lend again. . . and when investors start ot pull money out from underneath their mattresses - - you are going to see a tidal wave of WORTHLESS money get thrown into the markets.
And when that happens, it will re-inflate almost all tangible assets. And the chief benefiary? GOLD!
3) If you think the financial crisis is bad thus far, tighten your seatbelts because it's about to get a heck of a lot worse. So far, we've seen the debt bubble burst only in the private sector. And to be sure, it's the biggest bubble to burst yet.
But here's what's starting now: The bursting of the public debt bubble, Washington's debt bubble . . . the beggest in the world. . . dwarfing all others.
I am referring to the more than $70 TRILLION in debts Washington has incurred that is comprised of the more than $10.6 TRILLION in national debt . . . the $58 TRILLION in unfunded Social Security obligations and Medicare IOUs. . . and more.
Not to mention the $1.2 TRILLION in fiscal stimulus programs coming down the pike. . . and surely more government spending on the horizon.
BOTTOM LINE: Hold that gold (and silver), the ultimate currency!!
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