Economic Collapse

Wait until you see the price of gold in Venezuela right now

8 Aug 2018 by Frank Holmes, MINING.com: Nicolas Maduro, head of the Venezuelan government. Photo by Fabio Rodrigues Pozzebom/ABr, Wikimedia Commons.   Last month in Venezuela’s capital city of Caracas, a cup of coffee would have set you back 2 million bolivars. That’s up from only 2,300 bolivars 12 months ago, meaning the price of […]

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Is Venezuela an example of what will happen to gold when the dollar falls and the global currency reset finally takes place?

19 Mar 2018 by Kenneth Schortgen, The Daily Economist: Throughout history gold more than any other commodity has held an intrinsic tie to sovereign currencies, and even much more than today’s oil based Petrodollar system.  And you can see this of course in how gold’s purchasing power in a given currency has held its strength

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Puerto Rico Without Electricity, Wifi, ATMs Shows Importance of Cash, Gold and Silver

18 Oct 2017 by Mark O’Byrne, Goldcore: – Puerto Rico without electricity, wifi, ATMs shows importance of cash, gold and silver – Most of Puerto Rico remains in the dark and without power three weeks after storm – With widespread power failures, Puerto Rico remains cash only with retailers only accepting cash and few consumer having

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Buy Gold and Silver to Protect Your Wealth

The Real Indian Currency Crisis (Things You Don’t Hear In The News)

4 July 2017 by Hard Assets Alliance, via Market Oracle: Jayant Bhandari writes: On November 8, 2016, Indian Prime Minister Narendra Modi dropped a bombshell. In a televised address at 8:00 pm, he declared that after midnight—four hours later—banknotes with face values of INR500 (US$7.50) and INR1,000 (US$15) would no longer be legal tender. These

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Buy Gold Because of Uncertainty not Doomsday

3 Feb 2017 by Jan Skoyles, GoldCore: Doomsday Clock moves closer to midnight World not been as close to self-destruction since 1953 Threat of nuclear powers, climate change and technology all considered heightened risks First time the Bulletin of Atomic Scientists have singled out an individual – President Trump Doom-mongering is arguably distracting and uncertainties

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