Why Own Gold?
Gold Throughout History
From the beginning of written history gold has always been one of man’s most valued & prized possessions.
Empires literally rose and fell on the back of gold-based wealth, new worlds were discovered on the back of gold-based wealth, wars were waged in hope of acquiring the treasures of gold from the vanquished.
All of the great civilizations of the past have revered gold, both as a store of value during troubled times and as a medium of exchange for trade during peacetime.
History has demonstrated that gold always maintains its purchasing power over the long-term and serves as an excellent hedge against the continual erosion of paper assets such as stocks, bonds, and currency.
Why should I buy Gold?
From an investment point of view, both ancient and modern history prove the importance of owning gold in your portfolio. Once you grasp that all of the world’s currencies are now “fiat” currencies (money that has no intrinsic value, of it’s own, and is backed by nothing tangible like gold) the need to own gold is clear.
Why Own Gold Today?
In Sept 2009 Gold broke strongly through the psychologically important $1000 USD per Oz barrier and some are now predicting rises of up to $2000-$5000 per Oz over coming years.
George Bernard Shaw once said:
“You have to choose as a voter between trusting to the natural stability of gold and the natural stability and intelligence of the government. And with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.”
The $ USD has already lost 95% of it’s buying power due to inflation and fiat money leverage over the last 100 years!!
And the US$ is on a one-way downward trend over the next 5-10 years which will accelerate even faster once it is decoupled from oil and loses its Reserve Currency status.