Monday, November 8, 2010

True Money Shines - Gold $1,400, Silver $27

And that's whatever the fiat currency US dollar does, which is up today. Crude oil is behaving like a commodity (down), but agricultural ETFs that I track are also defying the dollar. Cotton (BAL), coffee (JO) are up, sugar (SGG) just turned green.

Food and gold/silver. We're going back to the medieval era before the central bankers appeared and started fractional reserve banking ...

From Kitco.com page:

1 comments:

Unknown said...

Precious Metals have definitely always maintained more value than any paper money. That is one reason coins that are currently in circulation aren't made using pure metals. Gold and silver are the best investments you can make with the way their value continues to rise. I buy my gold and silver from APMEX. They have fair prices and are reliable.

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