“These quotes are from 1976, when the spot price of gold fell from $200 to $100 an ounce. Thereafter, gold rose from $100 to $850. Why do we continue to keep the faith with gold (and silver)? We can encapsulate the argument in one statistic. Last year, the US Federal Reserve enjoyed its 100th anniversary, having been founded in a blaze of secrecy in 1913. By 2007, the Fed’s balance sheet had grown to $800 billion. Under its current QE programme (which may or may not get tapered according to the Fed’s current intentions), the Fed is printing $1 trillion a year. To put it another way, the Fed is printing roughly 100 years’ worth of money every 12 months.”
http://www.sovereignman.com/finance/why-do-we-have-faith-in-gold-one-simple-statistic-13355/
Tip Freedomwat.ch Staff with Bitcoin