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The Purchasing Power of Gold

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An ounce of gold today buys the same amount of crude oil it did 60 years ago, that’s one of the keys to having a successful sound money.

For the foreseeable future gold is going to continue to preserve purchasing power. There will be fluctuations from time to time in gold’s price, but gold will preserve purchasing power over long periods of time and that’s why one should have it.

Gold has been around for 5'000 years. It’s money that doesn’t have any counterparty risk, there is no one promising the value of gold except the market itself. The market accepts gold for what it is. It is an important diversifier in everyone’s portfolio. So, everyone should own some physical metal.

(Read the full article in Finance News Network)

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