Gold is the Best Investment Today, History Tells Us So, Part II

November 4, 2007 -

If we look at today’s global economic situation, there are many similarities in the conditions that exist today and those that triggered the 1997 Asian Financial Crisis.

The 1997 Asian Financial Crisis

Prior to 1997, the Asian “tigers”, in particular, South Korea, Thailand, and Indonesia attracted foreign investment in three manners: (1) The liberalization of investment policies and consequent elimination of restrictions on capital inflows; (2) the maintenance of high domestic interest rates to attract capital inflows; and (2) the pegging of domestic currencies to the U.S. dollar to allay fears of volatile currency movements. Read more …

1 comment November 4th, 2007

Is Hyperinflation Coming to the U.S.? Time to Stock Up on Gold.

November 4, 2007 -

There are many similarities between today’s global economic conditions and conditions that triggered past economic crises. An examination of the 1922-23 hyperinflation of the German papiermark, the 1997 Asian financial crisis, and the March 2000 dot com crash all provide extremely strong and compelling arguments for investing in gold and gold stocks today as the only strategy that may not only save your stock portfolio next year and in the coming years, but also may provide the only strategy that will return tremendous profits. Read more …

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