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Devaluation of Currency
September 11, 2006

How would gold help if the economy slows down dramatically?

Currency Devaluation

"If the US goes into a deep recession, a recession that might cause the world to question the "viability" of the dollar, then gold could go to the moon. We should also remember that if the US begins to slide into recession, the Fed would fight that trend with all the resources at its command. Fed Funds could be reduced to zero (which we saw happen in Japan), liquidity would be expanded to massive proportions, and there could conceivably even be a moratorium on debt payment."

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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