There is estimated to be 244,000 tons of gold that have been discovered to date with 2,500-3,000 tons mined per year, putting gold’s inflation rate at circa 1.13%. Its mining rate then is effectively its inflation rate, because the supply is being increased thus devaluing the existing stockpiles. However, gold has inherent weaknesses and is not a perfect money nor an optimum store of value as we shall discover. For centuries gold has been used as a store of value and served the role fairly well. Gold ultimately became the more dominant because of the monetary metals it was the most scarce and durable. Gold - God’s Moneyįor centuries human beings used metals as a form of money, particularly silver and gold. We will compare the three most common types of money used today and how they compare as stores of value, or batteries, for your monetary energy, assessing their effectiveness at protecting and conserving your monetary energy across time and space. Your wealth is a product of the value you have provided, it is therefore your prerogative as an individual to keep your wealth intact and carry that value and wealth into the future without it becoming compromised and losing its worth. To receive your monetary energy, you need a token, commodity or other note to conserve and protect it - a battery to store your value. This is the phenomenon known as inflation. However there is an element to money which many people do not see and fail to comprehend. Sometimes, this can be ascribed to bad money management and that should not be ignored. You seem to work harder and longer hours, but your money never seems to go far enough, with many falling into crippling debt just to stay afloat. The struggle to keep up with increasing expenses and mounting payments is a recurring theme among many people today.
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The financial industry is mostly smoke and mirrors it is full of jargon which people use in order to make themselves sound smarter than they actually are and to provide the illusion that only they can do their job. I have great empathy for people who struggle to understand why they can never seem to get ahead and great respect for those trying to find the answers.
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In truth they should be able to place trust in their institutions and have a simple method of saving their money free from risk and theft, free from anxiety about where to keep their money.
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