The Golden Truth

The problem with the fiat currency and financial system is that eventually it turns into one giant Ponzi scheme.  The politically/socially correct term for this would be "a fractional banking and financial system."  It's a system based on "full faith and trust."  When the trustworthiness of this system starts to fade, investors will start to move "fiat" money into hard asset currency - that is, gold and silver, the world's oldest and most trustworthy hard asset currency.  It's happening now, only it's a lot more prevalent in the eastern hemisphere countries like China, Russia and India.  In our own backyard, Venezuela demonstrated this movement by recalling nearly 100% of its sovereign gold that was being "safeguarded" by big banks in NY, London and Zurich:  LINK  Hugo Chavez, love him or hate him, is one smart hombre.


http://truthingold.blogspot.com/2012/01/so-be-it.html#comment-form

Venezuela Receives Last Shipment of Repatriated Gold Bars

http://www.bloomberg.com/news/2012-01-31/venezuela-receives-last-shipment-of-repatriated-gold-bars-1-.html