Wealth Cycles

All Currencies are being Debased Against Gold!

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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.

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Written by Classic Chartist

October 31, 2011 at 10:47 PM

Posted in Uncategorized

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