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This chart is the simplest, best reason to own gold
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Thursday, June 25, 2009
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By Porter Stansberry in DailyWealth:

No matter what your political persuasion, no matter how little you may know about money or finance, Laffer makes crystal clear what is happening right now to the value of our money.

The more dollars are printed, the less each one is worth. You don't really need to know what role the monetary base plays in our system. You don't even need to know that an increase to the monetary base of this magnitude could be catastrophic. All you need to know is the government has created over 100% more of it than existed a year ago – the fastest increase of all time, by a huge amount.

Read full article (chart included):

More on gold:

Gold sinks to six-week low

Long gold trade getting VERY crowded

Jeff Clark's favorite gold stock right now

Topics: DailyWealth | Porter Stansberry | Commodities
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