Wealth Cycles

All Currencies are being Debased Against Gold!

leave a comment »

James Turk

When all countries are aiming to debase their currency, the conclusion is quite obvious.  First, you will see money rushing from one currency to another, depending on what central banks are doing at that moment.  Second, and more importantly, all currencies are being debased against gold, so its price will rise.  The value of gold comes from the market and not from central banks.  Central banks can debase currencies, but they cannot debase gold.

Original Source


Written by Classic Chartist

October 31, 2011 at 10:47 PM

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: