Friday, January 21, 2011

Why Buy Copper Bullion - Part 1

Let’s face it the US government is debasing the US dollar and if you think these idiots in Washington are going to stop their unchecked spending spree you are sadly mistaken. The US dollar has lost 95% of its value since the inception of the Federal Reserve. China recently publicly announced "the U.S. Dollar as a thing of the past" I am not advocating putting all your paper dollars in copper bullion but hedging yourself against the devaluation of the dollar makes sense. Washington is about to raise the debt limit again in March 2011 thus causing further erosion of the dollar against hard assets such as crude oil, gold bullion, silver bullion and copper bullion.

A good example is this video called Copper Bullion The New Currency

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