Despite arguments that gold doesn’t grow like typical modern day investments and simply sits in a vault gathering dust, according toÂ Marin Katusa in a recent interview withÂ Future Money Trends,Â there is one key reason for why it should be in your diversified basket of goods.
The number one reason to invest in gold is insurance.
Because of the massive liquidity and the dilution of, not just the US and not just Bernanke, but all of the major countries – they are a printing press… The main reason to invest is because gold is money.
Before they had fiat currencies – that’s the currencies like today… there was gold.
The Romans. The Egyptians. The Babylonians.
For thousands of years they used gold before they used these fiat currencies.
And, every time in history a fiat currency endsÂ in disaster.
We have recent examples. If you look at what happened to Yugoslavia, or Zimbabwe, or even Germany with their fiat currencies… gold always holds true value.
That’s why we believe gold is a true, original money.
I think at least you can see with gold, it is the insurance policy to bet against the bankers.
Watch Marin Katusa of Casey Research discuss future trends and gold investing:
With all of this money – literally hundreds of billions of dollars – being thrown into stock markets by leading financial institutions that were just a few years ago on the brink of insolvency, there are massive price distortions happening across the board. This includes rising stock markets, one of the key benefactors of the Federal Reserve’s printing press.
Another not so positive effect (at least not for the American people) are ever increasing prices in the free market, something that Katusa says is going to continue:
[There is a] One hundred percent [chance of inflation].
You can guarantee these three things in life: Taxes, Death, and Inflation.
Inflation is coming… I just don’t know if it’s next week, or in six months, or twelve months.
But the reality is, it’s coming.
That’s why if you have a percentage in gold, you’re covered.
It’s an insurance policy.
When all fiat monetary exchange mechanisms fail, only one asset has stood the test of time as a store of wealth.
Gold is and always has been an insurance policy.
It will be the only thing left standing when the U.S. dollar, the Euro, the Yen, and other paper currencies are inflated to oblivion by their respective governments.
When it hits the fan, don’t say we didn’t warn you. Mac Slavo is the editor of SHTFplan.com, a resource hub for alternative news, contrarian commentary and strategies that you can take to protect yourself from the coming global paradigm shift.
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