Friday, October 26, 2012

Gold and Currencies

Central Banks around the globe are printing money in order to keep their economies competitive.

This is a zero sum game. While there may be immediate benefits, sooner or later, the value of those currencies will go to zero. That is, no matter how much of the fiat paper/digital stuff you turn up with to buy assets, you won't be able to.

Hyperinflation is the printing, value loss is the complete breakdown in confidence in fiat currencies that ensues.

At this stage holding assets in any form is the best scenario. Historically, gold is the best asset to own.

Gold in New Zealand dollars: $2083.58 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $39.11 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)

The Anglo-Far East Company
AFE is the gold bullion custodial provider of choice for the sophisticated investor,
families, and institutions that require the highest level of discretion, competence,
safety, and service. Your reference when you order: an-001

Go More Raw Seven Day Raw Food Program

Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. For seven days you can put raw food to the test
and you could be pleasantly surprised.

No comments:

Post a Comment