Wealthy people don’t always divulge their secrets for success. That is why people appreciate Billionaire George Soros so much. He has become rich and seems willing to share his tips with others.
Behind-the-scenes, there has been a growing realization by the world’s elites that the Capitalist system may be in danger. George Soros is warning of EU collapse. Central bankers are purchasing gold.
“Roman Money Was Gold, Silver & Brass”
Romans used the gold aureus, silver denarius and brass sestertius for their money. Coin collectors might be fortunate enough to have one of these pieces, but you can’t find them in common circulation. Why? This Roman money is no longer considered to be “legal tender.”
“Legal tender” is the official form of money that the government has authorized for purchase of goods and services in said nation. For many modern nations, it has become paper bills. The problem with a paper bill is that it has no real intrinsic value.
“Dangers of Euro Currency Collapse”
The creation of the euro currency on January 1, 1999, may have been the defining moment for the European Union. Heretofore, each nation had controlled its economic monetary policy. After 1999, central authorities in Belgium controlled monetary policy for all members.
George Soros mentioned a number of crises facing the EU that could spell its doom in an important interview with the German magazine Wirtschafts Woche. Greece and England were both challenging the place of the euro currency in determining their nation’s fate. The problems for these nations was that they could not fully control their economies, if they could not control their currencies.
“Render Unto Caesar”
No empire lasts forever. US Money Reserve President Philip Diehl was quite blunt in admitting that while the United States paper dollar was rising – “What goes up must go down. The dollar is gonna drop.” During this US Money Reserve Podcast with Eric Dye, he discussed numerous factors that were leading to higher gold prices: 1. 2008, 2. Chinese & Indian buyers, 3. Paper US bills – Monetary policy and 4. Electronically traded funds (ETFs).
Central banks have been increasing their purchases of gold since 2010. The emerging middle class in China and India is purchasing tons of gold. US Money Reserve sells very popular American government-issued gold bullion coins. Protect your riches – empires don’t last, but your wealth can.