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terryhp
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In Three to Five Years Gold Will Be Priceless

- Chris Vermeulen - GoldandOilGuy

The so called fiat currencies that you declare worthless ie the US DOLLAR the UK POUND and others, are far from worthless.They are backed by a countries ability to raise taxes from its citizens and corporations.

These same governments also have the right of eminent domain,the right of government to take private property for public use. This right to tax and eminent domain arguably give currencies plenty of worth.

The possibility of an individual currency becoming worthless such as the German Reichsmark, or more recently the currency of Zimbabwe can and does happen.
This currency collapse to happen to all major currencies is almost impossible.

The confiscation of gold and other precious metals and stones by countries under eminent domain is a much more likely event than the collapse of all currencies.

Commented 3444 days ago

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Beginning of the headline :Over the next few years as debt, currencies and countries start to fall apart individuals will be looking to place their money where it will hold its value and buying power during times of extreme uncertainty. If you eliminate fiat currencies which are created out of this air and are nothing more than a credit we are left with precious metals and stones. As much as we have evolved over time, we could be valuing things like gold, silver, platinum, and precious stones more so than our cu... Read More

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