Venezuela to Sell Gold Certificates to Pensioners as Inflation Soars
By: GoldCore
GoldSeek.com
Wednesday, 29 August 2018
– Currency has become worthless in Venezuela’s hyperinflation
– Venezuela was once one of the wealthiest countries in South America
– Currency collapse due to massive currency “printing,” digital currency creation and misguided socialist government
– Toilet paper roll costs 2.6m bolivars or 0.40 cents but a gold coin (1 oz) can buy over 3,000 toilet rolls
– Chicken costs 14.6m bolivars or $2.20 but a gold coin (1 oz) can buy over 540 chickens
– Indebted nations throughout the world are vulnerable and some are already seeing sharp currency depreciation – Turkey, Syria, Iran, South Africa, Argentina & others
– Risk of hyperinflation in US, EU & UK is low in short-term but real risk of deflation and then stagflation
The Rest…HERE
