Thursday 23 June 2011

PFG Metals Canada: The Emerging New Monetarism: Gold Convertibility T...

PFG Metals Canada: The Emerging New Monetarism: Gold Convertibility T...: "Professor Robert Mundell urges gold convertibility for the euro, the currency which he fathered, as well as for the dollar. This is a major ..."

There is no question in our mind that GOLD will re-establish itself in the monetary system in some way or another. It's inevitable because there is no other substance on earth with such perfect qualities to perform as a medium of exchange(money). Yes, gold has its ups and downs but don't forget, it's NOT gold that changes, it's the value of the currency it's measured against that changes. Historically gold hasalways maintained its value when measured against real assets and the cost of living.

Don't forget gold's GUARANTEES:

  • It can never go bankrupt
  • It can never be worth ZERO
  • It can NOT be created in abundance
  • It takes the equivalent of 500 years of labour to produce just 1oz
  • It has NO counter-party risk
  • It cannot rust, corrode or tarnish
  • It is everlasting
  • It is easily divisible
  • It is the ONLY monetary asset that has outlasted EVERY government, currency or stock market that has ever existed in the world.
NO other asset class in history can even come close to the outstanding track record of gold as money. It is the ONLY standard by which your wealth should be measured against. BK


All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

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