No State shall…coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debt. Article I, Section 10, Clause 1, US Constitution.
Wednesday, November 26, 2014
Netherlands Gold Repatriation; German Gold Fairytales?
In the aftermath of the financial meltdown in 2008 central banks again
realized the importance of gold as an anchor in the monetary system;
European central banks stopped selling gold; Asian and South-American
central banks increased official purchases, and central banks from all
continents began to worry if storing gold abroad was wise when the
global financial crisis evolved.
My background post BS was recruiting engineers for the automotive industry and then I moved on to finance. I had started investing for the first time during the .com boom and did quite well in very short order, thank you. And just as fast got burned. Being in finance I HAD to learn the markets in order to communicate with my high profile clients. Way leads to way and losses outweighing gains led me to understand how rigged the markets are. That's what led me to silver. That's now my goal, to teach others what I have learned.
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