Gold is the go to money in times of inflation and economic crisis. Gold is a hedge against inflation. If you are saying to yourself right now that gold is not money, and that it is just a shiny relic that people wear around their necks, then you are dead wrong.

Gold has been used as money for nearly 6,000 years. The first forms of good money that qualified as real money were gold and silver. Aristotle believed that stable money had the following characteristics.

1. The ability to be durable. It must stand the test of time and not wither.

2. The ability to be portable. Good money needs to hold value in a small space.

3. The ability to be divisible. Real money should have the ability to be divided evenly and still hold its value. Also known as fungibility. Diamnonds are not fungible because each diamond has it’s own value.

4. It must hold a rare value or quality.

Those four requirments are important because Plato and Aristotle knew something that most people today are not aware of. Our paper dollar, and all paper money for that matter, do not meet any of the requirements of sound money.

Paper is paper. It can be made on the spot and printed at will. Paper is neither rare or durable. The trust that we put into paper is the only thing giving it value at this point.

A dollar bill is nothing more than a piece of paper with ink stamped on it. That’s it. It would be the same thing if someone gave you a sheet of writing paper to mow their lawn. There is no difference between the two. The two are paper.

If someone gave you oil, silver, copper, or gold to wash their car then it is different. Those are real assets. It indicates hard work and sweat to bring those assets about.

Our money becomes more worthless each day our government prints more money. A dollar crisis is happening right now, and most don’t know it. Gold and silver were the first real established currencies that stood the test of time. This is because gold cannot be printed at will.

Mining companies have to put lots of money and resources to even get close to producing any gold or silver. Energy and time is consumed in this process. Paper currency is a relatively new thing in world history. Since the start of using paper as currency, and there have been hundreds, all of them have failed.

Gold and silver coins are the only way to protect yourself from rising inflation. While paper money falls in value, gold will continue to soar higher.

Gold is in the middle of a 20 year bull market, and the dollar will continue to plummet. The most recent gold high is around $1,100/ounce. Inflation means that people will flock to gold. Why do they do this? Gold cannot be printed or inflated. What does that even mean?

Think of a balloon that you inflate. Basically, you are making that balloon bigger by blowing air into it. Well, our dollars are being inflated in much the same way. The more dollars that our government prints at will means more dollars in circulation. In this situation you have more dollars chasing the same amount of goods, which results in higher prices.

Inflation means printing more money, it does not mean prices have risen. The result of printing more money is high prices. The best advice I have heard is to get out of dollar related assets before it is too late.

Gold, silver, gold bullion, silver bullion, and mining stocks should be in your investment portfolio right now. China, India, and Arab nations are currently getting out of dollars and into gold. Is it time for you to do the same?

God bless.

Garrett Strong can give you more information on how to buy gold.

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