Gold is Timeless Fiat Money Is Fleeting.

in market •  5 months ago

In this report, I cover the early market action in London on Wednesday, September 12th, 2018. I look briefly at the precious metals, the stock market, the dollar, the bond market and the oil price.

Today I talk about how I first gold involved in the precious metals and how it led me to look more deeply into money and monetary history. From my studies of monetary history, I have come to the conclusion that the precious metals are the ultimate form of money or at least they have the best track record.

My conclusion is that irredeemable fiat money systems are always doomed to fail while gold and silver are timeless monetary assets.

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For me it's really simple. Many Countries, including my own, keep reserves in Gold and not fiat. That is all I need to know.

Only just watched your video a bit late but nice to see gold having a better day today. Cheers mike

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Nice post

Yes another reason why Canada need a different PM, one that buy and keep gold instead of selling it.