About PMs (precious metals)

I understand some of you have been asking me what the banners related to precious metal dealers are doing on my blog.

It's rather simple:

Paper money is going to die, worldwide, sooner rather than later, since all the currencies in the world are held together by one thing currently: Faith and trust.

Both are deteriorating rather rapidly.

There is just nothing tangible behind them since Richard Nixon took the world off the Gold Standard at August 15th, 1971.

Get out and buy some money that has been used for more than 3,000 years and actually bears no counterparty risk, can't be inflated, has intrinsic value, etc.

Since not many people are doing it currently (but as always, the average guy on the street is too late when it comes to investments) you might see some healthy profits compared to other goods as well, e.g. you will be able to purchase much more stuff for the same amount of money you invested in PMs now since they are going to rise in value.

Casey Research informs you about the current background in Gold prices over here.

What current prices are, you can see over there =====================>

By the way,

Voltaire knew a thing or two about the danger of paper money:

"Paper money eventually returns to its intrinsic value -- zero."