Yosemite Sam Laughs All The Way To The Bank
By Troy Anderson at NBIZ Magazine
“The United States Mint sold out on silver bullion coins and came pretty close to selling out on gold bullion coins in January,” says Edmund Moy, the former director of the U.S. Mint. “They were on the same pace for the month of February.”
Today, an increasing number of people view precious metals as not only an investment, but a hedge against economic and political turmoil. Conventional wisdom holds that if the central banks print too much money, unleashing high or rampant inflation, gold and silver will increase in value – possibly significantly.
“Traditionally, people have invested in gold and silver because they are tangible assets and have intrinsic value that is not related to the value of your currency,” Moy says. “That means when the value of the dollar goes down, the price of gold goes up. So when there is a financial crisis that is dollar-based, gold is going to go up.”
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