Some perspective.
Bullion. Paper fiat.
In Feb 2002 the spot price of Gold was $297/oz and Silver was $4.95/oz.
In the depths of 2008, Gold was trading at $680/oz and Silver at $9.75/oz.
On 3.23.2012 Gold closed at $1,663.75 and Silver at $32.21.
Let's see now, if you consider that bullion 'held' a fixed value/purchasing power over that time, it was really paper fiat money that declined that much in purchasing power, not physical bullion.
- You can 'thank' the FED for debauching the paper/fiat currency. They will NOT bother to thank you for picking your pockets, shmucks.
Saturday, 24 March 2012
Perspective...............from Rico
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