The Dreaded Secret

Is all paper money basically junk? Of course it is, and in due time, as the old saying goes, it will be reduced to its intrinsic value. This is the dreaded secret that the central banks of the world don't want you to think or recognize. But slowly, ever so slowly, the "dreaded secret" will emerge, and it will be recognized and acted on by the masses.

We are now in the early part of the second phase of the great gold bull market. This is the phase where gold starts to make the news. And when an item makes the news, the great unwashed public notices and begins asking questions. They don't do anything about it in this early stage -- they simply ask questions. And the question that a few curious people ask is, "Hey, why is gold going up? I read somewhere that it's at a 17 year high." And so it starts. The next question they ask is -- "What's wrong with the dollar. It's taking more and more of them to buy gasoline and heating oil and college tuition and rent. Is there something wrong with the dollar?".....

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