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Archive for bimetallism system

Dec
08

Fiat Currency Is Doomed To Fail

Posted by: PC | Comments (22)

fiat money cartoon Fiat Currency Is Doomed To Fail

By Peter Costa

Gold bears are sitting in their glory as gold takes the much anticipated correction. It amuses me how gold has been such a proven asset for over 5000 years and the second it has a correction people start to abandon ship. I am a gold bug and proud to admit it. I cease to believe the illusionary dollar recovery and have no doubt in my mind that inflation is about to rear its ugly head. The problem with most gold investors is that they see gold as an investment rather than an asset. They look at gold and try to turn profit on its volatility not even considering that it is an asset more than anything. Gold is a precious asset and only those who appreciate and understand this are going to benefit from the preternatural climb it is about to have. Read More→

Comments (22)

decline of the dollar The Truth Behind The Dollar And The Value of Gold

By Peter Costa

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The price of gold is unparalleled from any other time in the nation’s history and is only expected to continue this upward trend. As much as the gold bears are expecting a price correction with gold I feel the yellow metal is only going to become more and more valuable. A copious amount of investors are treating gold like it is a mutual fund or stock not realizing it is an asset more than anything and is used as a storehouse of value. Globally we are in an anomalous time that surpasses any investment wave or price correction. We are in a time where all of the currencies globally are suffering and if not attended to could collapse. It would take a true historian to understand the present circumstances we are in because history truly repeats itself. I am far from a historian but based on my considerable research of past economic events I have come up with a serious case pertaining to where things are heading. Read More→

Comments (7)