Friday, June 24, 2016

A few thoughts on Gold, currency and “risk free savings” in the wake of Brexit

http://www.zerohedge.com/news/2016-06-24/few-thoughts-gold-currency-and-%E2%80%9Crisk-free-savings%E2%80%9D-wake-brexit

Gold did not make anyone rich today, the currencies built on debt and false promises, unproven and illogical economic theories, THIS money absolutely made people poorer today.

Today the gold savings accounts of our clients were spared over 9 figures in collective devaluation (no, gold is not rising, currency is failing par excellence). I’m not celebrating because this debasement of global currencies hurts the poor and vulnerable most, it is the core of their savings, it measures their contractual wage, and it’s their costs of food, energy, medicine, housing, and education that moved a little farther out of reach today.

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