Dear @swissclive
I've been thinking about investing in metals (gold / silver) for quite some time. Unfortunatelly I've invested already all my free resources in STEEM. So seeing recent gold price movement made me a bit sad.
Currently US, EU and China are just printing so much new money. All QE, pumping money into REPO market etc. That will flood markets with cheap money. And all those money will be "cheasing" smaller and smaller amount of goods and services (especially since chinese economy is on "vacation" and entire global economy will slow down).
Inflation is a must. No way to avoid it.
On average paper currencies last 20 to 30 years before they have to be replaced.
Based on my knowledge - major currencies last around 80-100 years. However it doesn't matter. The end is always the same.
Even the survivor currencies are worth a mere fraction of 100 years ago. 80%, 90% or 99% of their former value has evaporated.
Ehm. Correct me if I'm wrong - however shouldn't we compare those numbers to actuall buying power. Did some currencies really lost 90% of it's value?
Yours, Piotr