Gold Has Intrinsic ValueGold is not fiat money (
FIAT MONEY EXPLAINED) and WILL ALWAYS HAVE INTRINSIC VALUE. Wherever enterprising men seek to exchange their goods and services for more marketable goods that facilitate further exchanges for other goods, precious metals, especially gold, are most suited to serve as money.
Long History As Universal Money For some 2,500 years small pieces of gold and silver, called coins, constituted universal money. It survived two millennia in spite of countless attempts by hosts of governments to manipulate it or replace it with their own media.
Is Gold Making A Return As Universal Money?Good Question. But in the last in the last 12 months, Gold has rising a $1,000 in just the last 2 years (
See Gold Chart) (and is still going up) and may be the best hedge against inflation that could be lurking around the corner.