The Time Has Come
You want to see bad? You are going to see bad. But it is not the bad of falling prices. By the time the current Administration is over, the average American will beg for falling prices. No, we are going to see the bad of rising prices, as they have just seen in Zimbabwe.
Do you know what has happened in Zimbabwe over the past few years? The dictator of the country engaged in a massive campaign of printing money. Cato has an interesting article on it. In one month, November 2008, prices (in terms of Zimbabwe dollars) were going up at a rate of 79,600,000,000%. That is another way of saying that prices were multiplying by (a little less than) 800 million times per month. That is, they were doubling every day.
Paul Grignon's Money As Debt
Ron Paul On Auditing The Fed
While collecting coins can be fun, exciting and rewarding, certain risks are inherent to the market. Among these, exist the risk of devaluation. The coin market is relatively thin and subject to market pressures. Buy/Sell spreads and storage cost may also erode a coin's investment performance. While it is Midas' policy to assist the client by providing a liquid market, we cannot guarantee this market.
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