News (usagold.com 10August2009; 3:24)
Why Gold Investing is Crucial
10 August 2009 (International Business Times) — …The U.S. Dollar is being destroyed by the government and the Federal Reserve. The policy that the Fed has introduced, quantitative easing, is going to insure inflation in the the years ahead and for years to come. Gold will be the beneficiary of this misguided policy and that is why gold investing will be the only investing for the next couple of years.
The reason that gold is real wealth is because it is in limited supply, in great demand and it cost a lot to coax it out of the ground. In essence it is the anti-fiat currency. It is the direct opposite of everything that paper money is. Fiat currencies are printed for next to nothing and they can be expanded on a whim. Governments can do whatever they want with paper money and pass the consequences on… [source]
RS View: This article makes the very point I was alluding to in the previous comments regarding much-needed financial stability amidst a sea of political whims and shuffling consequences…
R.