Epic is a perfect word. EPIC.
- Our choice whether it is an EPIC fail or not.
Fiat (paper money) money comes and goes. I have shoeboxes full of worthless fiat money from around the world. Sure, I needed walking around money at the moment...but, BUT, at some point the paper promises (the counterparty risk/promises) becomes worthless and is renigged upon!
- The very best example is the $100 trillion dollar Zimbabwe banknote on my wall. Gotta LOVE it!
PM (precious metals) has NO counter party risk or obligation.
Watch this video and decide for yourself. Trust Benyamin Bernanke and the 'full faith and credit of the US Government' or trust your own good judgement and common sense.
Trading paper Dollars for bullion? Oh, yeah baby....I'm outta here!!!
Saturday 16 October 2010
Epic......from Rico
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1 comment:
and for that very reason it's now illegal in many countries (and has in the past been in others including the US) to own precious metals except in the form of jewelry (and sometimes even that).
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