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<p>[QUOTE=&quot;fatima, post: 1381698, member: 22143&quot;]Gold is the currency of Central Bankers.&nbsp;&nbsp; Why would they be concerned about $s, Euros, Yen, Pounds?&nbsp; They can create as much of that as they want by pushing a few buttons on a keyboard.&nbsp;&nbsp; They have to have a basis for dealing with each other AND their respective governments.&nbsp;&nbsp; To them gold expressed in the confetti they print is meaningless.&nbsp; They care about physical control of it and that is why it has worth in today&#039;s world.&nbsp; Why do they hold gold for this purpose?&nbsp; Because it is the only physical asset defined by the laws in their countries that can be used as an asset on their balance sheets for their base money supply.&nbsp;&nbsp; This includes the United States. </p><p><br /></p><p>Unfortunately for you and I, the governments we live under have forced us to use their confetti as the currency.&nbsp;&nbsp; When the Central Bankers debase this currency, as they are doing now for the simple purpose of protecting the banking system, then you and I lose.&nbsp; Our wealth gets transferred to them directly and indirectly to the governments.&nbsp;&nbsp; You can avoid this by holding the same monetary asset they hold which is gold.&nbsp; This is why gold continues to rise because the world is slowly (maybe quickly in some places) are moving some of their wealth into this asset, and furthermore, the central banks of the developing world are looking to substantially increase the amounts they hold.</p><p><br /></p><p>Remember. In order for Federal Reserve to be successful, the USA had to forceably take the gold away from the people by threating jail and heavy fines for non compliance.&nbsp; Furthermore most gold ownership was made illegal for 40+ years.&nbsp; Long enough for an entire generation to forget about it.[/QUOTE]</p><p><br /></p>

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