Paper Money Collapsing against Gold
The problem with paper money is that
governments can create unlimited amounts. This is what they have done
throughout history and especially in the last 100 years and which has
led to the total destruction of most currencies. Most people don’t even
understand that their government makes their money worthless. Money
printing gives them the illusion of being richer whilst all they have
are pieces of paper with more zeros on them. But there is one currency
that governments can’t print which is gold. Gold has been real money for
almost 5,000 years and it is the only currency that has survived
throughout history. Gold can’t be printed and no government controls it.
Therefore gold will, over time, always reveal governments’ fraudulent
actions in creating money out of thin air. And this is what we are
experiencing currently. Gold is not going up. Instead gold is doing what
it has always done, namely maintaining its value and purchasing power.
What we are seeing currently is the
total annihilation of paper money whether it is Dollars, Pounds or Euros
etc. The chart below shows the US dollar against gold. In the last 10 years the dollar has declined by 79% against gold. Most
currencies have declined by similar percentages. So it is an illusion
to believe that gold is going up when it is the value of paper money
that is going down. All gold is doing is to reflect the virtually
limitless printing of paper currencies. Since gold can’t be printed, it
is the only honest currency that exists. This is why many governments
don’t like gold increasing in value against their paper money since it
exposes their total incompetence in running their country’s economy.
