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)
Monday, March 22, 2010
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