Why should I own gold

Why should I own gold bullion

1. Gold is a storage of wealth

Gold does not earn any interest. But it keeps its purchasing power. Thus gold is the only true storage of wealth.

Don’t trust in our monetary experts. They want to make you believe that they are the wizards of monetary stability. However they are the partner in crime together with politicians that continuously overspend taxpayers’ money. Be alerted if they come up with strange arguments or complex mathematical models that nobody can prove.

Contrary to common believe paper money is no storage of wealth. It will only be honored since it pays interest to the owner. Government induced inflation will help to balloon money supply even further.

Review the last 2,000 years in history. Paper money systems come and go. At the end only people relying on hart asset classes like gold have maintained their wealth.

2. Gold has no counterparty risk

Our current monetary system is based on debt. Without debt there would be no money. When you own money you become creditor of a counterparty that promises you to pay his debt in the future.

Ask yourself:
• Do you trust governments that they can reduce spending to pay back their debt?
• Isn’t government deficit spending a Ponzi scheme where interest payments can only be honored by issuing new bonds?
• Hasn’t history proven that sovereign debt will never be paid back; either the government defaults or a new monetary regime is established?

When you own gold you are not a creditor. You become an owner of a hard asset class. Gold cannot go bankrupt – but your debtor can and will.

3. Gold is not on public record

If governments are in trouble they will find creative ways to tax their citizens. By introducing a capital tax on your paper assets for example. Or a property tax on your real estates.

Unfortunately all this information is on public record. Government authorities around the world are able to inspect your checking account a key stroke away, identify which shares and bonds you own. Even worse your real estates are immobile. You have no option to escape.

Don’t trust that the constitution will protect your wealth against government induced confiscation. They will find ways compliant to the democratic framework.

Gold is not on public record. Especially if you choose bullion coins. They bear no serial number like gold bars. This makes them untraceable.

Where there is no record there is no tax enforcement. When worse comes to worse there is the option to escape.


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