|Gold protects individuals from the economic|
insanity of government endebtedness
Brazil has previously refused to accept US dollars in trade with the US which led to the 'cash for clunkers' program which allowed the US government to collect enough metals to meet the obligations of the import contract.
Greece's last bailout contained a provision that any default would allow its creditors to claim the gold holdings of the Greek nation. When the inevitable collapse of our fiat (unbacked by commodities, unsound) currency occurs, it will inevitably be replaced by gold and silver (see Zimbabwe for example). The unannounced war that is waging for control of the world's gold reserves continues apace.
The latest proposition from the European Union is for the European Stability Mechanism, this is a worrying treaty which will effectively remove economic control from the individual nations of the EU and place it in the hands of bureaucrats who will effectively be above the law not only as an organisation but as individuals.
The Full Horror of the EU's intentions revealed