The Dollar is Dying: Buy Gold Now!

Posted July 16, 2008

“What is the point of owning a lump of metal that doesn’t pay a dividend, isn’t edible and actually costs you money to keep safe? To understand why gold is the ultimate safe haven in this financial crisis, we have to get to the root of our current problem. And that’s money.” — Dominic Frisby

Blogger’s note: Money may not be the root of all evil. But according to MoneyWeek’s Dominic Frisby, unbacked dollars are the root of the current financial crisis. And what comes to the rescue when paper money collapses? You can learn the answer below or view Dominic’s article here.

by Dominic Frisby

Baltimore – (TFN): Whether it’s Northern Rock, Fannie Mae, Freddie Mac, IndyMac, the Labour Government, the State of California, or whoever is going to run into trouble next week, the sirens are blaring, ‘global financial emergency’.

So it’s little wonder that gold has rallied sharply in the past week or so, to more than $970. But what is it about gold that actually makes people want to own it when the financial system is in turmoil? Investors say it’s a hedge against inflation; it’s the anti-dollar; or they just see that everyone else is buying it, so they pile in afterwards.

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Scientists have developed a simple, painless test to diagnose a debilitating disease afflicting an estimated 5.1 million Americans.

The number of new cases is expected to increase to 454,000 a year by 2010—and 959,000 new cases a year by 2050.

An independent peer-review study found the level of accuracy to be over 90%! Most impressive, given the incredible size of the market for the test alone: This below-the-radar stock trades below $5 a share – way below!

Find out how you can position yourself for MAJOR gains…

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But what is the point of owning a lump of metal that doesn’t pay a dividend, isn’t edible and actually costs you money to keep safe? To understand why gold is the ultimate safe haven in this financial crisis, we have to get to the root of our current problem. And that’s money…Read on to learn why you should buy gold now.

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