Buy Gold During Times of Inflation

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 a unit of exchange for nearly 6,000 years. Gold and silver were historically the first relied upon money that agreed with the standards of good money. Aristotle spoke of reliable money to have 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.

Aristotle knew something that most modern day people have no clue about. Fiat paper currencies around the world do not match the standards of good money put forth by Aristotle and his predecessor Plato.

Paper has very little value. It can be printed on demand. Paper has no rare or durable features. The value that the dollar has is only held up by our faith in it.

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.

It would be different if someone gave you something with real value like oil, copper, silver, or gold to mow their lawn. Those are hard assets. It means that someone’s blood, sweat, and hard work went into it so you could use it.

Since our government can produce as many dollars on demand as they want, the more they print the more worthless our money becomes. This means that a dollar collapse is happening under our noses. That is the sole reason gold and silver were the first and only currency used for thousands of years. Gold and silver can not be produced at will.

Mining companies must do lots of drilling and surveying before actually bringing a mine online. This takes precious time and resources. Using paper money as currency is a historically recent thing. There have been hundreds of fiat paper currencies in history and 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 midst of a 20 year bull market, and there is no near term end in sight. The gold price has recently hit an all time peak of $1,100/ounce. People turn to gold in times of economic crises and inflation. Why? Because gold is a safe haven asset and cannot be inflated. Inflated currency, what is that?

If you inflate a balloon, then the size gets bigger. Our dollars are experiencing the same such thing. If our government keeps printing money, then more money will be in circulation. You see higher prices because you have more dollars chasing the same amount of goods.

If you print more money then you have inflation, but inflation does not mean higher prices. Higher prices are the result of inflating the money supply. Basically, you should be diversifying out of dollars as soon as possible.

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.

Check out my website to learn more about how to buy gold.

categories: How To Buy Gold, Buy gold, Buy Silver, Gold Coins, Silver Coins, Gold Bullion, Silver Bullion, Gold Price, Inflation, Hedge, Bull Market, Dollar Collapse, China, India