The Contrarian

“In the investment markets, what everyone knows is usually not worth knowing.”

Gold: The Ultimate Currency

Below are several charts from a www.goldchartsrus.com, which show the price of gold for people in several different countries, in their local currencies.

It shows why people in weak currency countries buy gold in order to preserve purchasing power. As you can see, in many other countries, it has made a new all-time high.

GOLD

Gold has traditionally been a safe haven. But it is also the ultimate currency. It will become ever more important as the central banks destroy paper money, or replace it with “digital money.” People can be bamboozled for a long time, but eventually they wake up. Hopefully, it won’t be too late when they do.