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Strategies & Market Trends : Ride the Tiger with CD

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To: Rocket Red who wrote (128082)	8/12/2008 9:59:15 PM
From: E. Charters	Read Replies (1) of 313013

What happened to gold in the last part of the 20th century. "As governor of Chihuahua, Villa raised more money for a drive to the south by printing fiat currency. He decreed his paper money to be traded and accepted at par with gold Mexican pesos, under penalty of execution, then forced the wealthy to trade their gold for his paper pesos by decreeing gold to be counterfeit money. He also confiscated the gold of banks, in the case of the Banco Minero, by holding hostage a member of the bank's owning family, the wealthy and famous Terrazas clan, until the location of the bank's gold was revealed."

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