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Since gold cannot be made or printed at the whim of greedy politicos, it can't be devalued as quickly as the paper money that is printed whenever need arises.
Let's take notice about this. The pending currency devaluation is approaching towards us rapidly. As opposed to doing nothing about it and observing it from a distance as it is unfolding, protect yourself against and take advantage from this major crisis that could possibly fundamentally render your paper assets worthless.
We have seen a prelude of this type of problem not too long ago. In early 2006 a foreign exchange crisis started an avalanche of selling in overseas markets from Brazil to Indonesia. The Icelandic krona lost almost one tenth of its value within just forty eight hours, dragging down Icelandic shares and bonds with it and subsequently extending to Brazil, Mexico, Poland and Turkey.
A prelude to this was the crash of Asian Forex of 1997, which sent shares south like ducks in winter season. Financial institutions, insurance companies, housing and debt instruments also fled the scene. The only real sensible choice still left was gold.
In the event of another such decline in currency values, gold may possibly be worth at least 10 times its current value.
How is this possible? Simple: Since gold cannot be made or printed at the whim of greedy politicos, it can't be devalued as quickly as the paper money that is printed whenever need arises.
When a currency is backed by gold, $1 in paper money has to be backed by approximately one dollar's worth of gold. Once a currency is no longer backed by gold, governments can print as much as needed. Naturally, most world governments have gone off the gold standard and that is why paper money has no intrinsic value.
Subsequently, many key trading companies speculate only temporary in individuals currencies and their associated values in shares or bonds, then they quickly transform their financial gain into gold. This is the reason some trading companies prefer focusing on worldwide investing and diversification into gold assets for their clients.
Let's take notice about this. The pending currency devaluation is approaching towards us rapidly. As opposed to doing nothing about it and observing it from a distance as it is unfolding, protect yourself against and take advantage from this major crisis that could possibly fundamentally render your paper assets worthless.
We have seen a prelude of this type of problem not too long ago. In early 2006 a foreign exchange crisis started an avalanche of selling in overseas markets from Brazil to Indonesia. The Icelandic krona lost almost one tenth of its value within just forty eight hours, dragging down Icelandic shares and bonds with it and subsequently extending to Brazil, Mexico, Poland and Turkey.
A prelude to this was the crash of Asian Forex of 1997, which sent shares south like ducks in winter season. Financial institutions, insurance companies, housing and debt instruments also fled the scene. The only real sensible choice still left was gold.
In the event of another such decline in currency values, gold may possibly be worth at least 10 times its current value.
How is this possible? Simple: Since gold cannot be made or printed at the whim of greedy politicos, it can't be devalued as quickly as the paper money that is printed whenever need arises.
When a currency is backed by gold, $1 in paper money has to be backed by approximately one dollar's worth of gold. Once a currency is no longer backed by gold, governments can print as much as needed. Naturally, most world governments have gone off the gold standard and that is why paper money has no intrinsic value.
Subsequently, many key trading companies speculate only temporary in individuals currencies and their associated values in shares or bonds, then they quickly transform their financial gain into gold. This is the reason some trading companies prefer focusing on worldwide investing and diversification into gold assets for their clients.
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Want to find out more about gold sovereign prices, then visit Michael Fung's site on how to choose the best gold sovereign price for your needs.
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