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Perhaps the most important of all the facts about gold is that gold is the truest form of currency. As various empires around the world have risen, and fallen, with their myriad of different fiat currencies, gold is the universal standard that has survived them all.
Nations around the world are slaying the forests to print “money” out of thin air. Meanwhile, the finite amount of gold that ever was sits there in the ground or in my safe, retaining its value in defiance of deteriorating economic conditions around the world. It cannot be created by any government, and is therefore counterfeit proof. Gold is recognized worldwide as inherently valuable for a number of important reasons.
Facts About Gold Regarding The Great Equalizer
One of the most interesting facts about gold is the reality that the whole world has comparable interest in, and respect for, the yellow metal. All around the world, people are pulling gold out of the ground. They may eat chinchillas in Peru, and horse in France, but we all share an equal admiration for gold. Your gold is as good as mine. On a recent trip to Eastern Europe, by way of London, I found myself carrying the U.S. Dollar, British Pound, Euro (for Greece), as well as the local currency for Bulgaria, Romania, and Turkey. While nobody wanted the paper printed by another, all recognize gold as money.
A simple example bears this out. In India, for instance, gold has long been pursued for its beauty in the form of jewelry. If not for a store of value, hedge against inflation, or investment, folks from India flocked to gold jewelry. Incidentally, this was a display of wealth, if even by accident. Nevertheless, I recently asked a contact in India about demand for gold among the people for investment purposes. While “good times” allowed them the freedom to accumulate gold jewelry for any number of luxury reasons, he noted that today people are clamoring to get gold bullion for all the same reasons people are fleeing fiat currencies. It is the one true money we all accept.
Facts About Gold And The Anti-Entropy Principle
The fact that other items have intrinsic value cannot be discounted. Indeed, people have used all manner of goods (and service) for purposes of bartering. In the history of mankind, livestock has been one measure of wealth. In fact, the Bible records accounts of various men by reference to the number of animals owned.
At the same time, however, one of the most poignant facts about gold is the way it built to last longer than you and I. Gold doesn’t rust, wear out, break down, or die. While gold may not multiply like cattle, it is the best suited store of wealth. It is ideal for protecting principle, as you can hide it, store it in a locked vault, and just have it sit idle for a time without giving it any attention. When you buy silver or gold, it doesn’t need food or water!
Facts About Gold In Terms Of Practical Utility
While people often think about the industrial applications for silver, less considered facts about gold have to do with the beneficial uses of the metal. Gold isn’t given to rust or corrosion, so it’s not surprising to see it used in dental applications. It is a very soft metal, and is very malleable. If even in minute quantities, as with cell phones, gold has been widely used in a number of ways in the items that have become central to our way of life.
Facts About Gold As They Relate To Convenience Unspeakable
Gold is very handy to use, whether as a store of value or as a vehicle for trading. Unlike money tied up in gold funds, gold coins and bars are easy to transport. With an historic ratio of value at 15:1, or even better in recent times, you can carry a huge amount of value on your person with ease. By contrast, moving livestock any great distance is quite a chore. Even worse, if your wealth is anchored to a piece of ground, real estate doesn’t lend itself to be moved around (at least without a bulldozer, and that’s not what most people have in mind).
Here’s another one of the most important facts about gold to keep in mind. While a $2,000 gold coin can seem cumbersome at times, it doesn’t have to be that way. Gold doesn’t come out of the ground in 1 ounce rounds or 10 ounce bars. While I wouldn’t suggest tearing a one hundred “dollar” Federal Reserve Note in two and giving half to your spouse, gold is divisible and can be split if necessary. Far from being concerned about the number printed on a piece of paper, we need only be concerned with the weight of the nugget of gold we hold in our hands. This could become one of the most important facts about gold if we find ourselves using this precious metal as a medium of exchange.
