By Robert Fitzwilson of The Portola Group
August 18 (King World News) - Panic Out Of Fiat Currencies Accelerating Around The World
Well-heeled collectors and investors descended upon Monterey, California this past week for the annual Pebble Beach Concours d’Elegance festivities and auctions. One of the cars that went up for auction was a very rare 1962 Ferrari 250 GTO seen below.
The “lucky” winner in the bidding for the car paid a staggering $38.115 million. Horse racing is not the only “game of kings”. The frenzied abandonment of fiat currency and conversion into real, although seemingly wildly overpriced, real assets continues for those attempting to preserve their capital....