Gold - A "Bridge Over Troubled Water"

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While there once a "Silver Standard," by the late 19th century silver started be de-monetized in favor of gold. The United States began to systematically devalue silver as vast new discoveries from the American West were dumped into sales in the late 1800's. But this "white gold" in the ancients can be now far rarer than yellow precious metal.



It consistantly improves government's interest to create inflation through excessive increase of the money supply, in order to pay off its obligations of accumulated debt, such as employee pensions, Nguyễn Đình Toản Medicare and Social Security, in worth-less dollars.

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Throughout history and across cultures, people have understood that it's a cryptocurrency wise to keep a portion of their wealth in yellow gold. Over time, gold holds its value and serves as insurance. It is actually a truism that in Roman times, an oz . of gold would buy a fine tunic (garment) - and today that same golden ounce will still purchase a top-notch suit.

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Demand, on the other half hand, consistently increase in the face of the newfound prosperity and increased disposable income being freed up by the Asian economic boom, particularly China and India - three billion people adding fuel the long-term change in consumption demand.