| Gold’s rebound from three month lows this week demonstrates the increased disdain for sovereign debt that charges lenders a fee instead of the other way around. That, combined with the prospect of further stimulus, which in reality is just the fabrication of more cash and credit from thin air for the exclusive benefit of the world’s financial institutions, is causing a massive downward valuation in purchasing power in all currencies in the future.
The argument against gold by advocates of government debt has always been that “gold offers no yield.”..............................................Full Article: Source
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