Is Gold Bullion Safer Than Cash?
Holding Gold Vs Cash
This video puts forward a strong case for investing in gold bullion and demonstrates how historically gold has held its value whereas in comparison the value of cash has continued to erode.
Should I Convert My Money To Gold?
Here are some facts to consider:
- One ounce of gold today will buy you the same as it would have 2000 years ago and also 100 years ago
- The value of the US Dollar has declined by 98% since the foundation of the Federal Reserve in 2013
- Gold is increasingly being seen as money and is in demand in many consumer products
- Central Banks in 2011 were net buyers of gold for the first time since the collapse of the Bretton Woods System in 1971
- Many analysts believe that China is about to increase its official gold reserves by around 700% which will make its reserves equal to those of the US
- Whereas previously the Chinese Government banned their citizens from buying gold they are now actually encouraging them to do so
- Legendry worldwide investors are now turning to gold
- Gold is rare and global production is falling
- Gold is durable and cannot be debased, it has no nationalilty and it is liquid
- The value of US Dollars is directly related to the extent to which their supply is strictly limited
- The US government is printing money at will and continually reducing the value of the dollar
Author: Doug Young