Something that could become a reality in the near future due to the dollar losing it’s value is going to the store and purchasing a gallon of milk with 1/10th ounce of silver, or a pre- 1965 dime. Kind of hard to imagine but some states are actually trying to make this happen in an advance of any type of dollar collapse. In the past people used gold and silver as money, in fact between 1795 and 1933, gold, silver and paper dollars were used concurrently for spending. Quarters and dimes were composed of silver until 1965. When President Nixon removed the backing of the dollar with gold in … [Read more...]
Can Gold Overcome the Financial Crisis?
June 15, 2012 by
Gold is a great tool for getting through a financial crisis. Some examples of when gold is favorable is when there is instability in the stock market, inflation/hyperinflation, global debt crisis, banking problems, and over printing of money/collapse of the dollar. For over 5,000 years people have found gold to be very valuable. Through the advancement of technology, civilization plunging, and money coming and going, gold has held its value. To this day gold is considered the ultimate store of value. Case in point, look at the worlds 2nd largest country by population, India, there the … [Read more...]
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