Contributing Editors' Blog Entries

Phoenix Capital Research's picture

 

Indeed, when you think about it, 2008 happened at a time when paper money was still perceived as a safehaven. That is no longer the case as the Central Banks now have the printers running both day and night. Small wonder that Gold and Silver are at or near all time highs in every major currency.

 
Phoenix Capital Research's picture

So with world central banks printing paper money day and night it is no surprise that Gold is now emerging as the ultimate currency: one that cannot be printed. Indeed, Gold has broken out against ALL major world currencies in the last ten years. The below chart prices Gold in Dollars (Gold), Euros (Blue), Japanese Yen (Red) and Swiss Francs (Purple):