http://www.lewrockwell.com/orig5/johnsson8.1.1.html
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Gold is probably the only asset that could eliminate the mountains of debt we see today. And the folks in the governments of China, Russia, Nepal, etc., have already realized this. Hundreds of millions of people around the planet has also already realized this. Or rather, they haven’t forgotten, or they haven’t been brainwashed into believing gold is simply a “barbarous relic.” They are accumulating gold. For example, in China the government is running TV ads (available at YouTube) encouraging people to have at least 5% of their assets in physical gold and you can get gold coins and bars at any decent shopping mall, at banks and at airports. I know it’s the same in Russia, and I wouldn’t be surprised if it’s the same in India.
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5% is a modest amount. But, most folks in the US have zero. They may have etfs, or such paper. That’s not gold!
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Reinke Faces Life 