Brazilian RealThe Brazilian real hit a new low today. It has gone from being equal to the US Dollar in 1994 to being worth 4 cents today!
Brazil is a huge country with impressive resources and technologies and yet its currency's purchasing power has been all but destroyed.
its government issued debts is abbout to be lowered to junk status.
i point this out as yet another example of why people everywhere need to hold some gold as insurance against thr poor decisions of governments and their central bankers. BitGold offers this insurance at the individual level at extremely competitive rates.