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The Investment Bedrock of Monetary Systems
“How To Preserve Wealth During Crises… And Why Central Banks Are Bad For Your Financial Health”
Last week we talked about the grave dangers of a Depression and recent media discussion as to whether or not we’re about to enter one (or already are). That of course raises the question: if worst comes to worst, how did investors survive the last one?
We don’t have the time or space to go into every possible detail of a comprehensive comparison and contrast between the 1930’s and today. Instead, let’s focus our efforts and take a look at historical charts like this one:
If you were…
19Feb2009 | Oxbury Research | 0 comments | ContinuedA Chart of Gold vs. the World
By Olivia and Tatiana Van Vredenburch
London, England, U.K.
Back in 1969 the International Monetary Fund (IMF) created a new kind of money — the ultimate form of international money, it believed — called the Special Drawing Right.
You can’t shop with an SDR, nor trade it or even touch it. Unless you crunch numbers for an international organization like the IMF, Andes Reserve Fund, the Arab Monetary Fund, or the Bank for International Settlements (BIS) in Basel, the only time you’re likely to come anywhere near an SDR is if an airline loses your luggage.
The Montreal Convention states that if your bags…
8Jul2008 | Whiskey and Gunpowder | Comments Off | Continued
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