Buy Gold Fiat Money Has Cancer

June 9th, 2011 admin Posted in Fiat money Has Cancer No Comments »


Mike Maloney makes a great case for buying gold sovereigns and gold bullion by describing the reason why he is convinced the dollar is condemned and as a result all world fiat money systems will also fail. The US dollar is losing value all the time because it is been so manipulated by the US government. Considering that none of us can halt what's taking place, we have to make sure that we're on the correct side of the approaching transfer of wealth by buying gold bullion coins and gold sovereigns. Mike Maloney author of Rich Dad's Guide to Investing In Gold and Silver makes the point that you can only play the hand you're dealt. 
Mike Maloney isn't going to directly declare the whole world is screwed, Nevertheless the dollar is the globe reserve currency, 70% of all transactions worldwide are carried out in dollars, of all of the dollars actually produced more than half are outside the US. Therefore when the dollar dies so will all the worlds fiat currencies. The trouble is no fiat currency is backed by anything therefore gold and silver will one day be king again. Furthermore there's simply not sufficient amounts of investment gold and silver available for everyone to safeguard their future. The individuals with the biggest wallets currently working in the financial marketplace, have undoubtedly purchased lots of gold and silver themselves.
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