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The value of gold doesn’t depend on banks or governments keeping their word. In fact, the more they fail, the more gold is worth. And now, with public faith in the system dribbling away, gold is becoming one of the last safe havens. Also, the global financial crisis is far from over. It could topple into either inflation or deflation. Holding a strong position in gold is a good strategy in either case.
I hope I’m wrong. Because, if I’m right, it will be bad news for the global economy and for all of us--even for those of you who buy gold. You’ll do better than people who don’t, but no one will come out well. As JFK never said, a falling tide lowers all boats. Yes, I said buy gold--that relic of the days before paper currencies and central banks. It’s faintly ridiculous to hold gold; you have to be one of those nuts carrying a sign: “The End of the World Is Nigh!” Gold doesn’t finance companies or build economies: It just sits there. But remember, the economic world did nearly end in 2008. No one knows how close we came to the point where no one would accept anyone else’s checks, or foreign currencies, or even dollars except at a huge discount. Fortunately, the U.S. government’s extreme moves saved the day--but we’re not safe yet. At times like these, gold becomes king.
John_K
Posted November 18, 2009
This was not an ebook at all. It was a magazine article. I will summarize for you. Gold is a good investment because things are going to get unstable. Save your money. I am disappointed that B&N would sell this 10 page essay for $3 without any desciption of its length.
1 out of 1 people found this review helpful.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.GraceMay
Posted November 12, 2009
A quick and useful read. Loved the Midas room in Switzerland and wish I had enough to have a stash there myself.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.Anonymous
Posted December 10, 2009
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Overview
The value of gold doesn’t depend on banks or governments keeping their word. In fact, the more they fail, the more gold is worth. And now, with public faith in the system dribbling away, gold is becoming one of the last safe havens. Also, the global financial crisis is far from over. It could topple into either inflation or deflation. Holding a strong position in gold is a good strategy in either case.
I hope I’m wrong. Because, if I’m right, it will be bad news for the global economy and for all of us--even for those of you who buy gold. You’ll do better than people who don’t, but no one will come out well. As JFK never said, a falling tide lowers all ...