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Hold some gold. Better safe than sorry
Russia obviously believes in gold – as seemingly does China, the other modern day superpower. Does the West believe in it any longer? It’s hard to tell. On the face of things no. But who knows what is said behind closed doors except those directly involved – and they aren’t saying. Thus it is still perhaps a good idea to hedge one’s bets and hold some gold against yet another global financial crisis precipitated by tit for tat sanctions. Particularlywhen one is aware that today’s fiat currencies have virtually no backing at all and could revert to the value of the paper on which they are printed. Let’s hope it doesn’t happen, but it may be better to be safe than sorry.
www.mineweb.com/mineweb/content/en/...oid=248849&sn=Detail
Russia obviously believes in gold – as seemingly does China, the other modern day superpower. Does the West believe in it any longer? It’s hard to tell. On the face of things no. But who knows what is said behind closed doors except those directly involved – and they aren’t saying. Thus it is still perhaps a good idea to hedge one’s bets and hold some gold against yet another global financial crisis precipitated by tit for tat sanctions. Particularlywhen one is aware that today’s fiat currencies have virtually no backing at all and could revert to the value of the paper on which they are printed. Let’s hope it doesn’t happen, but it may be better to be safe than sorry.
www.mineweb.com/mineweb/content/en/...oid=248849&sn=Detail
