This is not going to be pretty. When it happens, it is not going to be good for most people. It's only going to be good for a few. Those who hold physical gold and silver.

Historically this has happened throughout pockets of the world. Weimar Germany and recently Zimbabwe are two obvious examples, but in these particular currency crisis, the US dollar was a way out. This upcoming monetary crisis will be different.

This time the world reserve currency, the US dollar, has the illness and according to Mike Maloney, the US dollar has terminal cancer and its illness is spreading to every single fiat currency the world over.

Mike Maloney will be presenting at the upcoming Casey Research Summit The Next Few Years in Boca Raton, Florida along with James G. Rickards, John Williams, Chris Whalen, Doug Casey, and more!

http://goldsilver.com

Mike Maloney is the owner and founder of GoldSilver.com, an online precious metals dealership that specializes in delivery of gold and silver to a customer's doorstep, arranges for special secured storage, or for placement in one's IRA account. Additionally, GoldSilver.com provides invaluable research and commentary for its clients, assisting them in their wealth building endeavors.

© 2011 Copyright GoldSilver - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Comments

Rick
30 Mar 11, 12:29

Fold Your Hand Now (While You Still Can!)

"All you can do is play the hand you are dealt".

That's entirely correct. It's really a somber fact that most people fail to learn history's most important lesson: to avoid repeating the mistakes of the past.

Regrettably, that's what is going on here. Back in the early 1930's, there were many of those too who thought that they could get into the game of the big boys. Like so many suckers ensnared in a massive net, there was certainly no shortage of those back then who unwarringly held massive positions of gold and silver in a futile attempt to thwart the U.S. dollar.

But lo and behold, a trawler quietly approached from the horizon, and soon proceeded to haul up the net of those unfortunate suckers. That ship was commandeered by none other than Franklin Delano Roosevelt.

Those suckers were summarily sliced, quartered and pickled by outright physical confiscation and taxation of all the gold and silver that they held.

Today, we have a replay of that scenario. When will they learn to just 'play the hand that they're dealt with'? I should think that they would be better off with the Irish sweepstakes. Bon voyage!

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