Venezuela illustrates why you should buy gold
Jan 27 2010 MoneyWeek
Gold bugs are forever telling you to buy gold because it is 'nobody else's liability'. It's become one of those hackneyed phrases that has almost lost its meaning.
But recent events in Venezuela give us a nice illustration of what that phrase really means. And there's a stark, but important message for savers everywhere.
Inflation is currently running at 27% in Venezuela. That's just the official figure. You can expect the real number to be considerably higher.
http://www.moneyweek.com/investments/precious-metals-and-gems/venezuela-why-you-should-buy-gold-00311.aspx
27
January
Venezuela illustrates why you should buy gold
Jan 27 2010 MoneyWeek
Gold bugs are forever telling you to buy gold because it is 'nobody else's liability'. It's become one of those hackneyed phrases that has almost lost its meaning.
But recent events in Venezuela give us a nice illustration of what that phrase really means. And there's a stark, but important message for savers everywhere.
Inflation is currently running at 27% in Venezuela. That's just the official figure. You can expect the real number to be considerably higher.
http://www.moneyweek.com/investments/precious-metals-and-gems/venezuela-why-you-should-buy-gold-00311.aspx