Monday, March 22, 2010

Russia's Gold Reserves Jump Again in February

If you're holding paper currency, you have to have some kind of trust that the country that issued it is not just going to print its way out of its problems. That's a real concern right now. Gold, on the other hand, has real intrinsic value, unlike a paper currency which can be debased by its government. – Sacha Tihanyi, currency strategist, Scotia Capital


Chart courtesy of Richard Nachbar, coinexpert.com  (click on chart to enlarge)

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