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Many people think gold is a commodity like copper, zinc or pork bellies, but it has 3,000 years of history as money. No government created it by edict, unlike today’s fiat (paper) currencies. Gold was adopted for use on its own merits, and it was and still is the best form of money. Currently, we are witnessing a relatively new, 37-year global experiment in paper money. All prior paper money experiments ended in hyperinflation with the currencies becoming worthless. All previous hyperinflations were contained within a single country, but this time, because of the reserve status of the US dollar, it is likely to be global in nature.
