Actually, it is difficult to envision in this regard any other criterion, any other standard than Gold. Yes Gold, which does not change in nature, which can be made into either bars, ingots or coins, which as no nationality, which is considered, in all places and all times, the immutable and fiduciary value par excellence. – Charles de Gaulle
The answer to the title question is simply: “Why Not?”
Precious metals will always be the world’s reserve currency. Even though nations do not define their currency by their worth in, say, gold, individuals will still buy gold to protect themselves from inflation. The more money a nation’s central bank pours into the economy, the less valuable its currency (the dollar) is, which means the price of everything else rises. Seeing that the dollar is cheap, many individuals start to distrust the national economy and instead of investing in dollar-making opportunities like business expansion, they will buy gold.
The following series of articles, columns, historical documents and speeches may in fact provide the answers you may have been looking for.
The Truth About Money
Most Americans assume the Federal Reserve Bank is a branch of Government. It is not. The Federal Reserve Bank is a private corporation, owned by foreign interests. This bank and its stockholders control the entire wealth of America.
GOLD: A Valuable Thing to Store
There is great confusion regarding the value of gold through time, not because gold has changed but because everything else has. There is a market for gold all over the world… the stability of gold’s value through time is in contrast with the stability of government promises, especially concerning the stability of the national currency unit… Politicians lie. Gold muddles through. Central bankers make grandiose promises. Gold muddles through. (from Gary North)
The Legend of Jacque Dupré
Take a lesson from the legacy Jacque Dupré left his only heir – the power of inter-generational wealth provision. It remains available – even today!
Gold and Economic Freedom
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.” – Alan Greenspan, 1966
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