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E.D.Hart » Comments » GOOG

  • If This Comes True, You'll Be Glad You Own Gold & Silver  [View article]
    The British were the greatest Empire the world had ever seen up to that point, with unassailable naval power, and the greatest economic power to boot.

    Hence the saying, "the Sun never sets on the British Empire".

    It was common knowledge of all, and nearly universally believed that the British Pound Sterling would reign supreme over the new millennium of the 20th Century, as it had in the 19th Century.

    It was simply inconceivable to the Brits and their trading partners that the Sterling wouldn't be the reserve currency of the world for at least another 1000 years.

    Until, the dollar came along and replaced it.

    Oops, never mind.

    Those who hold their wealth in dollars are at risk of repeating this awful history.

    Why not diversify your currency exposure?
    Jul 21 17:30 pm |Rating: 0 0 |Link to Comment
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