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Gold to benefit as currency woes continue

By Implode-Explode Heavy Industries

``So, unless I am missing something, I don't see a solution to the global currency crisis, and I believe that what we will see is more monetary expansion by governments leading to further debasement of their currencies and ultimately high levels of inflation. We may even see a few countries default on their debt which will send bond holders sprinting for the hills. While I hope I am wrong such a scenario is looking more likely all the time. This is why it is more important than ever for investors to own gold and silver as a portion of their portfolios. Historically, it has been proven that gold has been an excellent way to preserve one's wealth. And, if we see the collapse of the international dollar system, then gold and silver may be the only viable currency for global trade.''

Full post as published by Mortgage Lender Implode-o-Meter on January 26, 2011 (boomark / email).