Much is being said about gold's record price. The financial entertainment media certainly makes much hysteria about it. However, is gold really at a record rice, or are the world's major currencies simply being devalued. As readers know, our thesis is that there is a race to devalue currencies. Cheaper currencies, means cheaper exports, cheaper debts. As we reported last week, that is exactly what the Brazilian finance minister said about the world's major powers.
- Gold in USD: 46.92%
- In EUROS 52.03%
- In CAD 24.49%
- In AUD 7.01%
- In BRZ -4.26%
Beware what you read out there or what the fanatics tell you!
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