It is the silver and gold lining of the dismal and imploding economy.
The longer that central banks force negative interest rates – and wipe out the value of savings, pensions, and insurance accounts by denying them return on investment – the more attractive gold and other commodities become as a safe haven for maintaining flexibility.
Moreover, the closer the system comes to unraveling altogether, gold and silver remain attractive as a means of holding onto money with ready, liquid exchange value.
If hyperinflation were to make the dollar virtually worthless overnight, or if cash controls were imposed to limit people to a paltry daily allowance from ATMs and prevent bank runs, physical commodities can still be used.
Financial analyst John Rubino, of DollarCollapse.com discusses the importance of physical holdings in this interview with Greg Hunter of USAWatchdog.com:
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