When the US went off the gold standard in 1971, all currencies essentially became fiat monies, with their value derived from the governments that issue them rather than from commodities. This was the birth of instability of floating currencies. This is why gold is powerful.Gold isn't about getting you rich, gold is about preserving value and purchasing power -- avoiding what makes you poor.
The global economic recovery is stumbling badly. Even in the U.S., weakening corporate earnings are deflating stock prices. We can all see that, too. Increasingly, the "smart money" is betting on gold. That is because gold bullion has traditionally been prized as a hedge against both economic malaise and political crises.
Usually, outdoor ordeal films, at least of the horror genre, involve members of the middle classes suffering for their privileges, and ultimately being forced to defend them violently against poor people with a righteous grudge. Besides having a glaring class dimension, another aspect of the appeal of such films, is that they present cityfolk in the audience a chance to vicariously test our mettle: can we "do what is to be done under such conditions -- eat raw meat, sleep on the bare ground, betray our comrades, kill someone?" Or has city life made us too soft? 2013's VIFF has no shortage of films that ask these questions, with film after film plunging its characters into ordeals in the wilds, from which they may not emerge. Not all of these are horror films -- though even ones that aren't partake of elements of the genre
Pierre Lassonde, one of the world's foremost experts on gold, says the only way's up for the shiny stuff. He should know and has made his fortune in the gold game. This week, he spoke at a mining seminar in Toronto organized by mining consultant Terry Ortsland, Chair of the Mineral Resource Analyst Group.