The fiat currency race to the bottom is on! Buy gold! From Matthew Piepenburg at goldswitzerland.com:
Below we consider how modern currency policy may not be so good for, well, the people…
This is why gold inevitably enters the conversation, for unlike policy makers, this old pet rock garners more trust.
Gold, of course, loves chaos, tanking currencies and cornered, debt-soaked nations, the numbers of which rise with each passing day.
We see currency debasement as mathematically and historically inevitable, though we have no clue (no one really does) as to the precise date, trigger or time the already teetering fiat money systems fall over the global debt cliff.
We only know that the $300+T cliff is here, and that nations are racing toward it at historical speed, with equally historical consequences.
Physical gold holders, however, enjoy a certain and calm advantage: They don’t need to be precise timers; simply patient owners.
As for more signs of the move toward weakening currencies in general, and a weakening USD in particular, let’s look at some more history and current facts.
