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Whatever You Do, Don’t Buy Gold!!! (yet)

Posted on 21. Aug, 2016 by in Economics, Education, Finances

Gold is money, right? I mean, while we’re all constantly bombarded with the idea that these funky pieces of paper from THE state approved printer are money, the fact is that they are not. They’re currency, sure. But they’re fiat currency = a centrally controlled and state enforced monopolistic ponzi scheme. Fiat currency does not fit under the definition of money simply by the fact that it does not have a limited supply.

The point is, because of its scarcity, difficulty in mining, durability, portability, easily recognized (simple tests can prove its purity) and its excellent capacity to store value, it’s the king of the hill. When a good economist thinks of money, gold will come to mind. Of course, many economists today think Federal Reserve notes are money these days, because of the direction our colleges have gone. We’ll let that go for now though.

What if I told you that if you are invested in gold that you are possibly cutting your investment potential in half? You’d think I was nuts, right? I mean, if gold goes up from $1300 to $2600, you’re not going to complain about doubling your purchasing power with the yellow stuff. But what if you could take that $1300 in gold and turn it into $5200 in the same timeframe?

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