Gold's Pyrrhic Victory Versus Fiat Currencies.

#fiatcurrency #gold #silver #globalistion #economy

In this report, I look at how the developments in Asia are pointing to a world economic slowdown as all the major fiat currencies the dollar included continue their meltdown against the ultimate historic yardstick of value which is gold.

I also look at how the continuing drop in U.S. Treasury yields is pointing to more Central Banking monetary accommodation most probably a recession.

My conclusion for today is that, even though I have been right about the direction of our national fiat currencies, I take no pleasure in having been right as I know that a rising gold price is not a good sign as it pertains to the immediate general welfare of the public.

" Currencies, They Are All Sinking! Part II" Article from 2007: http://www.marketoracle.co.uk/Article850.html

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