Beware Counterfeiters!!!!!Submitted by takeaction on Thu, 02/04/2010 - 06:01
A great article I just found. 4 Page pdf.
From the article.
We are gold investors because we have made a specific and calculated bet against paper money. Simply put, we are betting against paper money as a store of value. We believe its supply will continue to increase. We do not believe that the world’s major governments have any stake left in protecting it.
Government debt loads have grown so massive that printing them away has become obligatory - there is no longer any other feasible option left. In our view, the savers of the world should already be outraged by the dilution they have been forced to suffer at the hands of the Central Banks. Are we to infer that the limited reaction of savers to the combination of zero interest rates and debasement of currency is a result of “learned helplessness”?
For those that don’t accept savings dilution as the ordinary course of business, how do investors protect themselves from this loss of purchasing power?
Read the entire article here..