In the 1920’s the Weimar Republic went into hyper-goldinflation when their government just started printing gold like crazy. There was so much gold that it was cheaper to wallpaper with gold than with actual wallpaper. There are pictures of people burning gold for heat.
In Argentina there are signs everywhere that say “WE BUY PAPER” because their gold backed currency became worthless when the government started printing gold.
In Zimbabwe, just a decade ago, it took 1/100th of an ounce of gold to buy 3 eggs. Today due to hyper-goldinflation, it takes 100 billion ounces of gold to buy 3 eggs.
All this due to governments printing gold.
History has proven that only paper money, extracted from the very scarce resource called “trees,” is worth holding during uncertain economic times like this.
Trade your gold for paper money now… Obama is a printing gold!