Wealth Management 47

The gold price continued to rise in this first decade of the century. Why is this happening? Because it competes with the dollar in his absence, euro, sterling, and all other fiat currencies. In the current economic crisis, ignored the gold could be devastating to your financial well-being. Might be a good idea to have real money, instead of paper money are.

gold used as currency in the last three millennia, and for good reason. It obliges governments to be fiscally responsible and provides a secure and stable environment for economic growth of nations and the profitable investment of their citizens.

But for more than three decades, the U.S. government money has been printed at will. History shows that all governments to stop the pressure on their currencies and the destruction of its value. In fact, there was no fiat money successfully in world history. All of them were destroyed by the government through inflation.

Nathan Lewis, author of Gold: The money at once the future, he believes that ultimately forced to return to the gold standard. If he is not prepared to suffer in the transition.

Both supporters and detractors of the gold standard misunderstood, writes Lewis. Go back in time from the seventh century BC to the current inflation, deflation, to explain floating currencies and its impact on prices, wages, taxes and debts. Includes themonetary monetary history of the United States and the recent currency crises, such as the Asian crisis of late 1990 and the devaluation of Russia China, Mexico, Yugoslavia.

His conclusion is simple: the gold standard for monetary and economic stability for centuries, and argues that returning the money and politics today to abandon the stability of the gold standard. In this regard, invites readers to some of its gold reserves in times of uncertainty.

Gold is an important component in wealth management.