Americans Need Gold 

If an American economic meltdown and currency crisis were to occur, gold would be as useful as it was during the Mexican crisis of its currency. The reason is because gold is traditionally viewed by all the citizens of the world as the ultimate money. The historically proven and tested method for protecting wealth in even the most difficult circumstances. This will never change. It is a historical peculiarity that we have come to this juncture of the human history – especially in the United States, with all our modern contrivances – we still believe in the transcendence that gold has.

Since the beginning of civilization, gold has been at our side as long as we have tried to reach safety from the financial, political social storms as well as civilization and freedom. It saved France during its catastrophic inflation of currency during the 1970s. It has also saved the Americans during both, the Continental Dollar collapse after the Revolutionary War and the Greenback inflation after the Civil War. There has been no exception for the twentieth century. Gold was a bulwark during the already commented Nightmare German Inflation in the 1920s that prepared the road for Adolf Hitler, the many hyper-inflationary blow-offs in South and Central America. The destruction of Saigon, and the collapse of the former Soviet Union in the early 1990s, we can also mention the multifaceted Asian Contagion in 1997, and the most recent bank panic and currency debacle of Argentina in 2002. These are only a very small amout of the many memorable occasions when gold played a very important role in the preservation of assets. Many more situations have not been considered in this writing but have occurred throughout history.

Presently, gold still plays an important and central role in the financial planning of the world’s countless private investors and central banks. The reasons are both practical and simple. Gold sustains mankind exactly what it has need of from time to time – the protection of riches against the most destroying circumstances, which is the cause that destroys a country’s money by its own government. Maybe something that in our ancestral subconscious gives gold this value. Maybe it is something in our intellectual grasp of history. Gold has always been a symbol of wealth, endurance and freedom. Gold has never been considered a primitive and no longer a functional form of wealth, as some of its critics mention, but instead a transcendence. If it is in our possession, we don’t only survive but we also prevail. We find comfort in gold, that is why so many of us own gold.