Own Physical Gold as Governments Destroy Wealth and Squander Tax Payers’ Money…”you had better prepare yourself now”

Wednesday, June 19, 2013
By Paul Martin

David Levenstein
June 19, 2013

Gold prices have failed to hold above the key resistance level of $1400 an ounce even though the fundamental driving forces behind the precious metal have not changed and as the global monetary system remains as precarious as ever.

While some investors may think they are getting wealthier because they see the value of their equity portfolio increase, others are seeing the value of their hard earned cash gradually erode due to the low interest rate environment. And, while mainstream media particularly in the USA claim that the economy is recovering due to the recent stock market rally, this rise in prices is due to an economic stimulus programme engineered by the US Federal Reserve and has nothing to do with a vibrant economy.

If you believe that there is not going to be any repercussion from central banks unprecedented money printing and that governments will be able to sustain their current record high levels of debt when interest rates rise, then you have nothing to worry about. However, if you believe as I do, that these monetary policies will result in further currency devaluation, rising commodity prices, steep inflation which may end in hyperinflation and then a complete collapse of the current global monetary system, then you had better prepare yourself now.

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