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News Link • Precious Metals

Getting Your Gold Out Of Dodge

• www.dollarvigilante.com

If there has been a more dangerous time for your wealth in human history we are unaware of it.  There have been individual or even entire nations of people who have been wiped out in the past but never before has there been such risk to assets across the entire globe.

In the past, a few savvy Zimbabweans have converted their Zimbabwe dollars into US dollars to sidestep the complete annihilation of their currency and savings.  Or residents of the Weimar Republic were able to salvage their wealth and savings by stepping across the border and converting their marks into francs.

But what happens when the US dollar, the world's reserve currency, and with it all fiat currencies collapse?  It's not an if, it's a when.  Anyone who has done even a modicum of research into the financial state of affairs of the western nation states knows that it is not only inevitable but imminent.  And those who have studied the history of currencies, specifically fiat currencies, knows that they all eventually reach their intrinsic value and rarely ever last more than forty years - an anniversary that passed on August 15, 2011 which marked forty years since the Nixon shock when the US Government was bankrupted by the Vietnam war and the gold backing was taken away from the dollar.

EVEN THE MAESTRO KNOWS

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation" - Alan Greenspan

 

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