Another fiat currency into the dustbin of history?

Folks, history shows that they just don't work. Paper currencies without gold backing eventually find their way into the garbage. Do your own study on this! Chuck Butler of Everbank sent out a special of The Daily Pfennig last night (Valentines Day) because of the problems he sees with the Euro:

"Here we are on Valentine's Day 2010... And once again the calls for a collapse of the euro are being heard. This time because of Greece...

Now, you all have read what I've had to say about this hit to the euro because of Greece... I find it to be unwarranted... But, in a conversation with good friend, David Galland, yesterday, he mentioned something that has me concerned now... When I mentioned to David that Greece was but 2% of the total GDP for the Eurozone. He responded by saying that the Asian Crisis of 1998 was triggered by the debt problems of Thailand, and their debt problems were a smaller percentage of the total Asian GDP than Greece's is now...

WOW! I thought... I think I'm going to have to change horses in the middle of the stream, here... But, I'm torn between these two thoughts: 1. the euro is going to experience major problems and lose a large chunk of value... Or 2. the euro will take its hits, and come back even stronger, just like it has 3 times before...

The point I'm making here folks, is simply that I wanted to get this info to you as I was thinking about it... If you are a euro holder, it's your decision if you take thought number 1 or 2... I just wanted to make you aware of what's going on, and this needed a Pfennig of its own.

And... To say that should you feel that you need to move, think about the ultimate euro alternative, Norway... Or... Like I said last week, with the two largest GDP countries are having problems (eurozone and U.S.) then maybe it's time to go for the Gold!"

Did you here that folks? Go for the gold! Gold as investment at this time makes sense - it just does! Gold predictions are heading higher. As a reminder, annual gold production is not keeping up with gold demand - there is your cue!