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FSN: Bubble In Paper Money
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Bill Bonner
Daily Reckoning
Nothing much to say today. Stocks still going up. Gold still dilly dallying.
Gold is waiting to see what happens. Japan and the US are pumping up the money fast. But the European Central Bank has let its base money decline.
Result: slightly less global paper money…and a slightly lower gold price. Seems logical. Sensible. Gold is the world’s alternative money. That and Bitcoin. The supply of paper money goes up…and you get more paper for each unit of gold. That’s just what you’d expect.
But the pundits are sure the end of the gold bull market is at hand. Who knows? Maybe they’re right. But it seems more likely that when the Japanese get their presses running hot the price of gold will resume its upward climb.
Continue Reading at DailyReckoning.com.au…
2013-04-11 13:32:05
Source: http://silveristhenew.com/2013/04/11/bubble-in-paper-money-2/
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