Gold – The Currency Without Boundaries

Posted on: February 17, 2012

No precious metal or store of wealth is more frequently mentioned in the Old Testament and ancient writings than gold. Since the beginning of recorded history, people have owned and accumulated gold as a means of preserving and growing wealth. Its scarcity, beauty, and history make it as crucial to today’s economy as it was thousands of years in the past.

Each year, only about 2000 tons of gold are pulled from the earth by global mining operations.

Gold is instantly liquid and can be sold or traded anywhere in the world at any time. It can be held in person, and stored privately. While paper currency and dollar denominated assets are simply a promise to pay by the issuing government, gold is payment in and of itself. If gold is the only real currency left in an uncertain world, it’s no wonder central banks and savvy investors around the globe are accumulating it at a record pace.