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Friday, April 2, 2010

Gold Considered a Currency Again

Gold the currency

One good thing about the irresponsible and outrageous practices of central banks and governments around the world in debasing their currencies in order to make it look like they're doing something to boost their economies, is the more they do it and fail, like they have been, the more investors and people who wouldn't normally think of it, are starting to focus on gold being a form of currency, which it of course is, but hasn't been thought of that way by most for some time.

Even if it's considered an alternative currency, that fact that alternative is attached to it doesn't diminish its ability to maintain your wealth and spending power.

While there are some ancillary factors besides gargantuan debt involved with the increase in the price of gold, at this time debt is the major factor, and there is nothing that will change that for a long time, as governments at this time don't have the will to stop printing money because of fears of being voted or removed from office.

Having seen the tremendous weakness inherent in the banking systems around the world, people now are understanding they're at risk, and gold is rising as one of the chief currencies of the world as it has been in the past.

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