Gold is Money and Money is Currency!

Currency versus Money:

Currency is a medium of exchange, a unit of account, portable, durable, divisible, and fungible (interchangeable).

Money is all those things PLUS it is a store of value over a long period of time.

The currency in your pocket is a medium of exchange, a unit of account, it is portable and somewhat durable, it is divisible and it is fungible but its value is being lost because governments can print more and more and more of it and dilute the currency supply, its continually transferring wealth out of your pocket, out of your bank account to the government and to the banking system. Fiat currency (paper money/dollars) is not real money, it is created out of thin air. This was brought about by the former US President Nixon who, back in 1971, convinced the world to replace gold and silver with paper currency and that decision has since created economic volatility throughout the world.

Therefore, the paper currency used by people all over the globe can no longer legitimately be called money because it’s not backed by anything of value. Everyone experiences the effects of this through rising prices called inflation and this means it takes more paper currency to make purchases of everyday items such as groceries, fuel, gas and electricity, etc.

The reason that gold and silver are the optimum form of money is because of their properties. Gold is an easy medium of exchange, it’s a unit of account. Gold has the same value all over the planet, it’s durable, it’s divisible, it’s very portable and it’s fungible. It’s limited in quantity and that’s why it maintains its purchasing power.

Gold is the only money that has never failed in the 5,000 year history of its use by humans. In times of crisis, gold is the safest investment that also has the greatest potential to increase your wealth.