ZeroHedge – This Is What Gold Does In A Currency Crisis, Euro Edition – 24 January 2015

Yesterday the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-a-lot-less paper money into something tangible. They’re bidding gold up dramatically.

Read the full story at: www.zerohedge.com / link to original article

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