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Porter Stansberry: You will be financially destroyed if you ignore this trend
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Monday, May 17, 2010
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From Porter Stansberry's Investment Advisory:

For more than 60 years, the U.S. dollar has unquestionably been the world's safest, most liquid form of money – its reserve currency. During times of economic trouble, investors rush to buy U.S. bonds as a safe haven, causing their value to rise sharply.

And that's what happened – briefly – during the Greek crisis last month. But then, something changed. As soon as the ECB announced its big bailout and established a swap line with the U.S. Treasury, investors realized there's no real difference between the U.S. dollar and the euro. They're simply different names for the same thing: paper money. And investors understand the value of paper money may finally collapse under the weight of these massive sovereign debts.

What did investors buy when they sold the U.S. dollar in this crisis? Where did they run? As you can see, they bought gold… and to an increasing degree, silver. We believe this preference for metallic money will continue to strengthen as the financial problems of the U.S. Treasury begin to mount.

If you ignore this trend, you will be financially destroyed over the next several years. If you act now to protect yourself and your family, it will be the greatest single investment decision of your life.

To see a chart of this trend in action, click here.

More on Porter Stansberry:

Porter Stansberry: The U.S. dollar is about to implode

Porter Stansberry: The terrible lie that's destroying America

Porter Stansberry: This huge U.S. blue chip virtually guaranteed to go bankrupt

Topics: Gold | Porter_Stansberry | Commodities
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