Friday, October 15, 2010

Gold, Currency Crash, and Debt Collaspe

I believe the life cycle for the central banking fiat currency Ponzi scheme is about over. After the coming dollar and debt collapse, government and hopefully competing private alternatives will eventually require some form of precious metal or commodity backing guarantee in order to restore faith and trust in currencies. As always, private alternatives will buy gold etc. on the open market while governments will likely confiscate and steal what they need to create a new dollar after hyperinflation and currency collapse.

If you trust the gold reserves are in Fort Knox then just buy more gold from time to time on price dips. But, if you believe "it’s not just the beer talkin," then take actions while you still can to secure your gold now before we have a crisis and a repeat of Roosevelt’s confiscation program.

read the essay

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