Sterling Crisis

Where the $ goes the £ follows. Gold is a hedge against currency devaluation - a store of wealth. So let's see what investors and traders are saying about Gold:





Gulp, and people say that the £ will collapse before the $. I'm thinking Brown's gonnie keep the money printing boogie going until the election. He doesn't really give a funky's muck what happens thereafter. Will the election hit before hyper-inflation?

The £ has devalued around 30% in the last year or so. That means your house, shares, bonds, benefits and salary are worth 30% less in the world market. Did you get the printed money that is devaluing everyone's wealth? No, the bankers did. Mmm, transfer = robbery and you still don't get it. It goes on and on and no-one gets it. Why is that when the banks bend you over the table and repeatedly abuse you, you ask for more? More quantative easing, yes yes - pillage me Gordon, harder harder more..

Another hedge against currency devaluation is oil - that's why the latter is going up in price = inflation. Just as well Brown has some of the black stuff to sell or no-one would buy OUR debt. It buys a little more time before the lights go out.