Fearing a Grexit, Greeks Buy Gold

Peter's Commentary: This is why gold has been money for over 5000 years, whatever Bernanke says. When you're worried about your own currency, you buy gold as insurance. Greeks Buy Gold Again From ZeroHedge, Tyler Durden, February 9, 2015 It never fails: Every time redenomination risks and the specter of the (New) Drachma rear its ugly heads, Greeks, like dutiful Austrian economists, … [Read more...]

“Buy Gold”, Short The Central Banks

Peter's Commentary Jim Sinclair has been urging his subscribers at jsmineset.com for years to buy gold and thus become their own central bank. Now Marc Faber is essentially saying the same. From GoldCore.com, February 4, 2015 Faber: “Only one way to short central banks and that is to buy gold”. Marc Faber warned at the weekend that 2015 may be the year that investors will lose … [Read more...]