“Actually, it is difficult to envision in this regard any other criterion, any other standard than Gold. Yes Gold, which does not change in nature, which can be made into either bars, ingots or coins, which as no nationality, which is considered, in all places and all times, the immutable and fiduciary value par excellence.” – Charles de Gaulle
The answer to the title question is simply: “Why Not?”
Precious metals will always be the world’s reserve currency. Even though nations do not define their currency by their worth in, say, gold, individuals will still buy gold to protect themselves from inflation. The more money a nation’s central bank pours into the economy, the less valuable its currency (the dollar) is, which means the price of everything else rises. Seeing that the dollar is cheap, many individuals start to distrust the national economy and instead of investing in dollar-making opportunities like business expansion, they will buy gold.
The following series of articles, columns, historical documents and speeches may in fact provide the answers you have been looking for.
The Truth About Money
Most Americans assume the Federal Reserve Bank is a branch of Government. It is not. The Federal Reserve Bank is a private corporation, owned by foreign interests. This bank and its stockholders control the entire wealth of America.
Gold vs Cash in a Crisis
Mattress stuffers or bullion holders? Who fares better in a crisis? North American investors are divided between those who believe the decade-long stock market bull is going to keep running into the 2020’s, and investors who, wary of something terrible happening, are hoarding cash and gold.
GOLD: A Valuable Thing to Store
There is great confusion regarding the value of gold through time, not because gold has changed but because everything else has. There is a market for gold all over the world… the stability of gold’s value through time is in contrast with the stability of government promises, especially concerning the stability of the national currency unit… Politicians lie. Gold muddles through. Central bankers make grandiose promises. Gold muddles through. (from Gary North)
“What you know you can’t explain, but you feel it. You’ve felt it your entire life. There’s something wrong with the world. You don’t know what it is, but it’s there, like a splinter in you mind, driving you mad” – Morpheus
The Power of Gold in Times of Crisis
While physical gold is a well-known safe haven asset which investors flock to in times of market turbulence as a way of protecting their wealth, gold is also the ultimate asset to own and possess in times of crisis and emergency. These crisis situations can range from episodes in which fiat currencies collapse, to times in which gold buys safe passage across international borders, and even to periods in which only gold can bail out and rescue an entire nation. Sometimes gold even ensures self-survival and can literally be the difference between life and death.
The Legend of Jacque Dupré
Take a lesson from the legacy Jacque Dupré left his only heir – the power of inter-generational wealth provision. It remains available – even today!
Gold and Economic Freedom
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.” – Alan Greenspan (1966)
Franklin D. Roosevelt & Gold Confiscation
The Presidential Executive order of April 5, 1933, prohibiting the ownership of gold for Americans in MOST circumstances – but not in all!
Beware: The Ide(a)s of ‘Rare Coin’ Dealers
If you have been considering so-called ‘RARE’ numismatic coins as your main source of ‘holding‘ – then think again… What follows is an expose’ of the Pirates of the precious-metals underworld and how you can truly protect your ass-ets – from them!
Historical Sketch of Paper Currency
“We believe that we are correct in asserting that paper currency is an invention of the eighteenth century, and that all those nations which, since its invention, have had recourse to that fatal panacea, did not, in the end, have any reason to congratulate themselves upon the experiment.” – Hon. C. Gayuarre, Debow’s Review (1877)
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