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Gold is not an option

Gold is not an option, it is a necessity
There are lots of economists, analysts, investment bankers, advisors, thinkers, philosophers, astrologers, boot-legers etc etc who have one good reason of why not to buy gold - gold is not a reserve currency.

There are umpteen questions and suggestion sraised to say the gold standard is the figment of historian's imagination and has no practical relevance in today "blink-a-second" financial arena.

And not to mention thousands of articles by gold-doubters constantly harping that gold is not a reserve currency and therefore in the present system of financial assets has no value except as a commodity.

For the sake of Christ, pray tell me, what are these assumptions of gold-doubting Thomases based on. Based on nothing but assumptions. And if in the future these assumptions are proved wrong all the followers of gold-standard-is-dead cult will hang naked in face of fierce financial storm. And what if the doubters are correct, investing in gold is not loosing anything! It is still gold and remains gold. The money is safe, will give you at least a few bps more than the returns in savings bank account.

So, buying gold is not an option. It is a necessity. It is the only financial hedge that can save the skin in case of financial holocaust of hyperinflation.
:) Falkor

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