9.12.2007

All fiat currencies are devalued

Always. Everywhere and at every time in history.

If you still need a reason to buy gold, take a look at this chart.

Story here.

It's true that gold offers no yield, while cash and bonds do. But if you think that 4.5% or 5% nominal interest is enough to compensate you for what's happening to the dollar, well, good luck to you.

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