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Peter Schiff: Get Ready for Gold's Moonshot!

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Comment by Ed Price
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Take a look at what has been happening with Bitcoin. A week ago MtGox was the leading Bitcoin exchange. Its prices were 10% to 15% above the prices of other Bitcoin exchanges. It seems that the prices were being kept high, artificially by MtGox, because there was a gigantic flaw in their trading program. In one week the MtGox Bitcoin prices dumped to 20% to 30% below those of other exchanges.

Look at all the financial stories in Freedom's Phoenix. A couple of them are:

The Final Swindle Of Private American Wealth Has Begun

22 Facts About The Coming Demographic Tsunami That Could Destroy Our Economy All By Itself

Then there are the ones about Government spending forever greater amounts than what it has.

Lockheed Martin Is Aiming To Fulfill The Navy's Dream Of A Portable Laser Weapon

And there are lots more.

The MtGox Bitcoin thing is a small example of what is coming in the money systems worldwide. The MtGox thing may correct itself. They may get the flaws in their programming fixed. They may even rise back to their popularity in the time of their glory. This can happen for them because they have a world to rely on.

It is different for the world money system. When the flaw in the money systems becomes apparent, the political hollering of governments and banks to "Spend, spend, spend, and spend more!" will come crashing down around their ears. In the chaos following, things like gold and silver will become valuable. Cash (ones and fives) and change (pennies, nickles, dimes, quarters) will be king in local scenes. If the electrical grid and the Internet remain, Bitcoin will top it all.

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