... The custom carry kilos of gold can seem like a tacky glitz. But besides that, it's a way to preserve capital in a movable heritage. That allows them to maintain extreme mobility, because gold is an international currency, everywhere recognized its value, either in Berlin or in Timbuktu. Not devalued, are protected from the vagaries of a state policy ...
Recall that the value of our currency is fiat, ie, based on faith in the government that supports. And this crisis is precisely a crisis of confidence, the soundness of financial institutions that do not lend money on the interbank market, collapsing the flow of money in the solvency of the States, and whether they can meet the debt payments in continuous growth within a world is finite ...
modern currency, which owes its value to the State (paper money) behind it, and not the value of the alloy on which the state sets the stamp (certified), is a great invention ... but also a trap in turbulent times: when it falls to the State, all the capital in the currency becomes worthless ... The
accumulate wealth in property, especially gold, is an ancient practice of nomadic or semi-nomadic peoples. The need for the house on his back has much to do in the great gold reaching these people. From jewelry, silverware, weapons and horse trappings, to them gave gold a dual use: conventional and bank deposit. And a third, social prestige, of course ...
With no real estate, retain enviable mobility, boldness to take the course in the most favorable winds to blow, taking advantage of the opportunities ...
take further advantage of the savings around their necks and wrists is they are not attachable. A collapse of the global economy would only increase their wealth, and increase your chances of success with booming economy, whose inner workings are fully aware ...
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