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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
Or: does the FED really print greenbacks? No. It doesn't.
When will the FED's possession , USD cash, jump to infinite in value?
When all the virtual money becomes worthless. Then cash is mega king.
Those who stashed physical silver and gold will have to sell it for a handful of bucks.
Ferdinand Lips, the late Swiss banker, had warned of that : one day trillions of virtual money
will disappear in a black hole .
Lips had always favored gold backed currencies.