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Monday, April 25, 2016

Moving to the Post LBMA-Era Gold Price Reset

http://www.safehaven.com/article/41072/moving-to-the-post-lbma-era-gold-price-reset-watch-out


If one were to describe, in a word, the singular quality of gold that gives it value both as money and a wealth preservation asset, that quality is integrity. Physical gold cannot be printed, it cannot be conjured by a central bank or government official, it cannot be credited into existence by a bank. And over a period of four thousand years, the markets have selected gold and silver as money. The replacement of gold and silver sound money with unstable debt-based fiat paper currency by banking interests and their government partners over the past century has been a mere blip in humanity's monetary history.


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