Are gold and silver purchases more sensible than investing in overpriced paper debts that guarantee a negative yield in
a devaluing currency issued by a dodgy government or central bank?
Not exact matches
So the
issue for the people around the world at this point especially the ones that are dealing with these
currencies that are
devalued faster than others is that the
currency is a terrible store of value and the buying power for people of these countries just continues to disappear.
Gold is also a favored investment as central banks
issue debt and
devalue their
currencies, he said.
What we are really seeing is our
currency being
devalued by the addition of new
currency issued by the central bank.
There is also only a predetermined number of bitcoins that can ever be created, meaning that the
currency can not be
devalued in the future by a central bank
issuing more.
The country has had valuation
issues with its fiat
currency, the South African Rand, being
devalued several times over the past decade.