SovereignLife Freedom Blog

Some interesting figures have come out of the 2010 Q2 data published by the World Gold Council. Physical gold demand by weight rose 35%. But when expressed in dollar value, it rose a hefty 77%. This is good news for all those who expect the continuing devaluation of paper money, and who are hedging against such an eventuality by owning gold.

And as David Galland points out in Uncle Scam – today’s dollar is only worth 18 cents in 1971 terms, the year President Nixon closed the gold convertibility window.