Gold Will Always Be Accepted

Gold, as it has been argues here before, is perhaps the best investment. THis is because of its historical acceptance as your good old legal tender.

From the mouth of PreciousMTrader, we get the related interesting world statistic that:

"Today, there are 4.3 billion ounces of gold in the world and the supply is increasing by only 1.8% each year. On the other hand, $5.8 trillion US dollars are floating around the world, and the supply is growing 4 or 5 times faster than gold."

Now, stop to think a second. If this is the case, then

now add to the obvious intrinsic value of gold versus the falling value of currencies (due to global over-issuance of money and credit) the premium for the "fear factor", as Rense.com reports that "March 21st 2007 will be one of the most significant dates this month. Iran has outlawed the American dollar and will put anyone in jail that uses it in their country after that date. They have the ominous notoriety of being the first nation in the world to do such a thing. On the heels of Iran's decision, North Korea has followed suit and also outlawed the use of the American dollar in their country. Finally, Malaysia the next day did the same thing."

Therefore, always think about what the motivations are for an article. Even if Gold does seem like a great investment, remember that there are companies out there that will try to get cash for your gold. Cash is becoming worthless, so perhaps it is time to go out and look for good deals on gold.