The Winners Will Be Those Who Look to Gold and Commodities [View article]
Yes,you can eat food, and burn oil/gas etc., but you can sell gold as ALL commodity prices rise, so you will have the money to buy the food and oil. Some central banks (like Spain) have stopped selling gold, which they have used as a backing for their paper currency however, they will sell again when the price gets higher, in order to help pay down their national debt. Spain has about 1 years coverage left in gold reserves, after that, who knows?
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Yes,you can eat food, and burn oil/gas etc., but you can sell gold as ALL commodity prices rise, so you will have the money to buy the food and oil. Some central banks (like Spain) have stopped selling gold, which they have used as a backing for their paper currency however, they will sell again when the price gets higher, in order to help pay down their national debt.
Nov 09 13:29 pm
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All Comments by Just an Old guy »The Winners Will Be Those Who Look to Gold and Commodities [View article]
Spain has about 1 years coverage left in gold reserves, after that, who knows?