Currencies Can Evaporate, But Not Silver or Gold

Finance:
by SeekingAlpha
Hugo Chavez, president of Venezuela, started 2010 off by devaluing the Venezuelan bolivar by 50% from 2.15 per dollar from 4.3 per dollar, along with several other silly little limits. This is continuing the theme of currency devaluations from late 2008 and 2009. But the evaporation of currency is not only limited to third world socialist governments with eroding infrastructure but also happening to every major currency. For cash balances the precious metals are the only refuge ... read more