Gold And Financial Independence ~ The Gold Blog


Gold And Financial Independence

Gold as a store of wealth is independent of any government or organization. Gold unlike fiat currency is independent of any nation’s financial policy. This means if a nation all of a sudden started to implement unsound fiscal policies, your wealth being in gold would have a better chance of escaping any bad repercussions. With fiat currency you are dependent on the state or the central bank not to inflate or collapse the currency. With the perfect track record of all fiat currencies becoming worthless in less than one hundred years, it’s a dependency that will eventually fail.

Gold because of its six thousand year old track record of holding wealth means its one of the safest ways to store wealth. Gold is not even dependent on the organization that minted it. If a mint that made gold coins or gold bars went out of business the gold coins or gold bars would still be worth something. In fact in some cases when a gold coin is not being produced anymore, it starts to build numismatic value more rapidly.

Another aspect of gold and financial independence is the financial privacy you get with gold. By having financial privacy it will be easier to transfer wealth to your love ones or anyone else without state impose restrictions. Without financial privacy you will be dependent on the state laws to be just. If the laws are not just and you don’t have financial privacy, you could have your wealth confiscated. Gold because of its time tested reliability will remain one of the best ways to become financially independent.

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Gold And Financial Independence ~ The Gold Blog