Buy Gold: Russia and Iran to dump the U.S. Dollar

Gold Investment - 16 January 2012

Russia and Iran made their intentions to replace the U.S. Dollar with the Ruble and the Rial clear during high level talks during the recent Shanghai Cooperation Organization (SCO) meeting.

Learn more about the "paper gimmick" and prepare for the coming collapse.

What kind of a decision do you have to make to buy silver?

The days of the once mighty U.S. Dollar are numbered, especially if one considers that a super power such as Russia is hell-bent to break the U.S. Dollar (or rather to avoid exposure to a failing U.S. Dollar). Yes, the U.S. Dollar has seen some strength in recent days as investors are rushing out of the EURO into the U.S. Dollar, but it is a situation that won’t and cannot last forever. Russian and Iranian ambitions to replace the U.S. Dollar in trade between the two countries don’t come as a surprise, especially if one considers that Russia and China have agreed some time ago “…to allow their currencies to trade against each other in spot inter-bank markets” (China-Russia currency agreement further threatens U.S. dollar, International Business Times, Hao Li, 24 November 2010). The truth be told, we’re seeing the development of a severe global currency war and the best way investors can protect themselves, in our opinion, is to rush to the safety offered by precious metals such as gold and silver. In fact, once you have sufficient physical gold and silver stored away independent from the existing fiat or debt-based monetary system, you can actually afford to some agree to watch this fiat or debt-based circus, mainly fuelled by fast failing fiat currencies (non-redeemable paper notes, fiat money, electronic money, the Devil’s money, toilet paper money). Make no mistake however, when the existing fiat or debt-based monetary system completely collapses, all of us can expect to suffer to some extent or another. However, those holding precious metals such as gold and silver, especially in the form of gold and silver bullion coins, will have a much better chance of survival than those who have chosen to reject gold and silver while they had the chance to acquire it for almost next to nothing (compared to its true value). This is based on facts and not fiction or daydreaming as the case is with the global fiat Ponzi scheme (the “paper gimmick”). Be sure to buy and read Mr. T. Foster’s Fiat Paper Money – The History and Evolution of Our Currency. The book accurately portrays the rise and fall of several empires/regimes as a direct/indirect result of accepting fiat paper currencies as money, not even to mention the utter failure of the underlying fiat paper money/currencies.

Learn more about the "paper gimmick" and prepare for the coming collapse.

What kind of a decision do you have to make to buy silver?

Given the above, it is important to switch to honest money as far as possible. This means precious metals such as gold and silver should be bought and stored independently from the system, especially gold and silver bullion coins.