Who Is Prepared for Economic Disaster?

By 'prepared', I mean who is going to make a killing out of the economic situation we are all in. I have previously linked to research indicating the price of gold and silver is about to sky-rocket. Take a look and see where the economy is heading.

So today, I happened upon a report on the Global Money Supply comparing countries' financial status. In particular, at the bottom of that article is a chart showing each country's gold reserves as a percentage of their circulating currency. Gold reserves are, it seems, few and far between these days, so the paper you hold is secure against nothing except peoples' perception of money value.

This is, of course, fine, as long as there is not new money being created in large quantities. But you can see evidence (for the US in the first link in this post, and for Britain here), that the borrowing of money from central banks is out of control. And once this new money finds its way into the market (very little of it is actual paper), there will be a colossal revaluing of currency. Which is why gold and silver are being pushed as good investments as a temporary alternative investment, safer than keeping paper currency.

See here how and why gold and silver prices might have been subject to price-fixing by bankers, who stand to lose out if prices rise.

So, who has enough gold to back their currency? Chavez' Venezuela! (the only one of 25 economic areas surveyed). America is going to have a hard time getting their way and toppling his government when he stands to cash in anytime soon, once gold prices undergo the correction so sorely overdue.

That paper in your hand just might be disintegrating in value faster than you think.