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Web Comment Of The Day… On Gold, Silver & Fiat Currencies

23 April 2010 No Comment

“One oz. of .9999 fine gold or silver, remains .9999 fine gold or silver. It cannot be debased. It cannot be created out of nothing, unlike fiat paper money.

Gold or silver as money represent positive money. It has no liability or counter-party obligation.

Debt based fiat/credit money must be borrowed into existance creating a liability, it is negative money. There is a party who owes more to repay the debt (original money) plus interest than was originally created. There is a counter-party obligation in its creation. Debt based fiat/credit money earns interest for banksters.”

– From Zero Hedge Article On Gold Rallying today

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