Gold. Paper. Opposites.........................from Rico

If you needed an explanation for the hate, fear, and loathing the Western Central Bankers have for Gold, consider the words of Richard Russell:

"Back in 1930 an ounce of Gold sold for $20.22. Consider that you had an ounce of Gold worth $20.22 and $20 in cash [fiat Dollars]. Today that once of Gold would be worth $1,280.00 and your $20 cash [fiat Dollars] would have lost 95% of its purchasing power. People holding Gold for the long-term have tended to retain their purchasing power. The opposite is true of the Dollar."