petersl

Gold Bullion Is Rising in All Currencies

Prieur du Plessis has again demonstrated his intellectual acumen, supporting his statement with sound reasoning. I have been a gold and silver investor (mostly mining stocks, but some physical metal, and ETF's for 5 years). Suffice it to say, that I have been pleased with the results.

All currencies are depreciating against the price of gold now. The old arguments that in a deflationary environment, gold suffers, are being retested as being fallacious in the light of the historical record. During the Great Depression of the 1930's, gold prices increased, not decreased, though the government saw fit to deprive most Americans of the opportunity of enjoying that investment class.