Silver as an investment

Category Archives: Bolivar

Online Game’s Currency Is Now Worth 7 Times More Than Venezuela’s Bolivar

The currency in the online role-playing game World of Warcraft is now worth more than Venezuela’s bolivar. File this one under: “Things that happen when socialists take over.” Although it’s probably not very funny for those who use money as toilet paper in the socialist dystopia of Venezuela, it’s nonetheless, a teachable moment for delusional leftists […]

The Cash That Isn’t Worth the Paper It’s Printed On

lewrockwell.com / By Dave Burke via Daily Mail / November 25, 2016 ‘Runaway inflation’ in Venezuela has reached the point where bank notes are being weighed rather than counted. The country’s currency, the bolivar has devalued so much that traders have given up counting the huge wads of banknotes handed over by their customers. Last month it emerged […]

Game On

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. silverseek.com / Andy Hoffman / Friday, January 24th Well, it appears to be “game on” for the final round of the financial crisis that commenced five years ago.  All the world’s Central banks achieved in the past five years – via […]

Venezuela Devalues Bolivar By Another 44% For Some, Still 600% Higher Than Black Market Due To 50% Inflation

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. zerohedge.com / by Tyler Durden on 01/22/2014 15:41 -0500 Less than a year ago, Venezuela shocked the world when it launched the “first nuke” in the ongoing currency wars (which despite having dropped off the front pages, have certainly not […]

The Hygienically Challenged Crack-Up Boom

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. The bolivar’s official and black market exchange rates up until May 2013 acting-man.com / By Pater Tenebrarum / October 4, 2013 Toilet Paper Only in the Hereafter Readers may recall that we have reported on the toilet paper shortage in Venezuela before. […]

Venezuela devalues currency by 32%

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. gata.org / By Eyanir Chinea / February 8, 2013 CARACAS — Venezuela devalued its bolivar currency to 6.3 per dollar from 4.3 per dollar, the finance minister said today, in a widely expected move to shore up government finances after blowout […]