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A Peek Behind The Mirage Of The Dollar’s “Flight To Safety”
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / By Tyler Durden / 04/16/2013 19:12
Whether by intent or good fortune, gold’s plunge in the last few days has reduced its appeal as a store of wealth and spurred the more central-planner-biased view that the US Dollar is the ‘safest’ place to deposit your hard-earned after-tax wealth. However, as Cypriots learned the hard way, trust in the entire system depends on the counterparty (in the case of bank deposits, you are implicitly lending your money for no return to a highly-leveraged entity) covered by an FIDC guarantee. As the following infographic makes very clear, that level of trust is remarkable when the reality is that gold is an asset without any counterparty risk and without any implied risk.
Thanks to BrotherJohnF
2013-04-16 18:01:54
Source: http://silveristhenew.com/2013/04/16/a-peek-behind-the-mirage-of-the-dollars-flight-to-safety/
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