Since the early 70s world currencies are no longer back by gold. The argument since has been, does gold still have value?
The answer is YES.
Gold will always have value :
- Gold cannot be easily duplicated
- Gold is a storage of wealth
- Gold is your personal financial sovereignty
- Gold is real money. Paper currency is NOT true money
- Gold is not TAXABLE
Since the creation of the U.S. Federal Reserve in 1913, the purchasing power of the dollar has gone down every year since. Gold will always fluctuate in price but it is always maintain its lustre of a true value.
Caution: If you choose to buy gold pooled fund, two things to look for :
- Buy allocated funds (The gold is physically held in a chartered bank)
- Do NOT purchase unallocated funds (There is no gold, a false promise)
To conclude, if you can, buy gold little by little. The smallest amount is 1 gram. Save and hide it somewhere for safe keeping. You won’t regret it.
N.B. Heaven forbid there is a war, economic crisis, you go bankrupt. What do you think will be the money of choice?
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