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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (44937)6/25/2013 10:25:24 AM
From: Wade   of 48092
 
When the real name of the US dollar is an IOU to the Federal Reserve. Euro is Euro IOU, Yen is Yen IOU. All of them are debt instruments owed by their citizens to their central bankers who are the creditors controlling the lives of a nation and its citizens.

Currency exchange is a actually a debt exchange. You decide which debt is better than the other one. Selling one debt to buy another debt. No matter which currency you own, you have a note, that is what you owe to its central bankers.

This is the very simple reason why fully paid physical gold in your direct possession has no counter party liability. It is a free money.
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