The Gold Price in Euros: The Debasement is On! - 3 November 2011

A paper money bear market...

ROUGH TIMES for paper money in Europe, writes Brian Hunt for Steve Sjuggerud's Daily Wealth.

For proof, just have a look at the chart:

The European Union is the world's largest economic bloc. So the health of its economy and major currency is just as important to the world as the economy in the United States. The debasement of its currency through incredible and immoral debt and money-printing is a huge, huge deal.

As you can see from the chart, the debasement is on.

The chart displays the past two years' price action of the Euro Gold Price, which is the only currency spend-and-borrow bureaucrats cannot debase. The Euro is in a big bear market against real money...one that is grinding the savings of its holders to dust.

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Steve Sjuggerud, 03 Nov '11
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Former stock-broker, mutual-fund vice-president and hedge-fund advisor Dr. Steve Sjuggerud is the founder and editor of True Wealth. Launched in 2001 and now one of America's best-followed newsletters for private investors, True Wealth also provides free analysis and ideas in the Daily Wealth email service.

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