Belarus Devalues Ruble by 56%!Submitted by SIERRAHPBT on Mon, 05/23/2011 - 16:32
Belarus has just announced a 56% currency devaluation. Just one central bank statement, and a whole country's paper wealth has been devalued by 56% instantaneously. We wonder whether anyone in Belarus still views gold as a barbarous relic.
Just last week, SilverDoctors presented Living Through a Currency Devaluation, which examined a first hand account of the overnight devaluation of the Mexican peso. Those who like LoneRangerSilver had the foresight to extricate themselves from their ruble positions prior to the devaluation have just seen an enormous increase in the purchasing power of their assets.
This is coming to the US soon folks, very soon.
Buy gold, buy silver, and be one of the few that are already perfectly positioned PRIOR to such a horrible announcement.
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