GOLD 0.51% $1,391.7 gold futures

nigel farage - they want their gold back

  1. 2,965 Posts.
    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/13_Farage_-_Yes,_Germany_%26_Switzerland_Want_Their_Gold_Back.html

    “Surely we learned the lessons back in the 1970s that if you artificially create money, you create inflation. Inflation is a disease of money that is caused by central banks and governments acting imprudently.

    When you look at the creation of money, central banks printing money the way they are, whether it’s in Europe or the US, okay, we’re now talking about deflation and the down times, but one of the other worries is what happens if we turn the corner on this? Just what kind of inflationary pressures are we stoking up by printing money? No one quite knows the answer to this, but history suggests it may not be pretty.”


    My comment - volatile times ahead in metals however the case for silver is stronger than ever. Gold the world's new reserve currency whether official or by default.
 
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