GOLD â€“ In Your Self-Interest
By GE Christenson
Thursday, 21 February 2013
IT IS IN YOUR SELF-INTEREST TO OWN GOLD AND SILVER! This may not have been true from 1982 â€“ 2000, but it definitely is true today and will be true as long as central banks are aggressively monetizing debt (â€śprinting moneyâ€ť) and devaluing their currencies.
Gold has been money for thousands of years. Why? It serves the needs and self-interests of merchant and consumer, king and subject, saver and spender.
Similarly, gold serves the needs of a well-run and responsible government by encouraging commerce, savings, and capital formation with stable, reliable money. Commerce creates economic and political power, so more profitable commerce helps create stronger economies and more powerful countries.
Gold retains its value and consequently savers and consumers can trust that their savings, if invested in gold, will preserve wealth and purchasing power.
Gold has performed well as a medium of exchange, store of value, and recognizable currency unit for thousands of years. This begs the question, why did all the countries of the world abandon gold backing for their currencies?