bowman711

Precious and Base Metal ETFs Draw Attention During Turmoil

At some point, when the some $3.5-trillion of 'new' money thoroughly works it way into the economies of the world, people will realize that those 'dollars' they rushed into for safety are only worth some cents. At that point there should be a rush into the only entities that have held value for thousands of years - gold, and to a lesser extent, silver. The only wildcard is if governments evil enough to destroy the world economy in an effort to concentrate power will be evil enough to confiscate the world's gold without paying what it is worth. If that happens, one might as well be holding acorns or pretty sea shells as either dollars (or Euros, pounds, yaun, yen, etc) or precious metals.