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The History of Gold - Why Gold?

Why gold? Why bother?

Gold has no counter-party risk. Gold is a hard asset. You can but you don't have to keep gold in a bank (it's portable!). Gold has a lot of history as real money and as a wealth preservation mechanism. That is why many experts advice you to have 5-10 % of precious metals on your portfolio - it can be more, but less is risky! Gold and precious metals don't cash flow and usually don't appreciate or grow in value (don't count too much on it), but are much more stable than fiat currencies and they will keep your wealth over time.


Besides inflation, money printing and exploding debt, take a look at this:

https://www.ecb.europa.eu/ecb/educational/explainers/tell-me/html/minimum_reserve_req.en.html

Our banking system is a fractional reserve system. If everybody went to the bank to empty their accounts, the bank would go bust! "The bank keeps my money" is a misconception! The banks have little money! The banks are not required to have more than 1% of deposits (typical value). The rest of your deposits (99 %) are lent out or invested in a variety of instruments for the bank to make profit. Your deposits are a bank liability. If you trust the banks, go away now. Otherwise, you may consider keeping most of your assets out of the bank, if possible. Investing in growth assets, cash flowing businesses, and storing wealth in stable assets (not cash) seems like a good strategy.


Now,let's go for the history of gold!


Modern History of Gold


Video: Why Gold Is The Ultimate Asset For Wealth | The Power Of Gold (Part 1) | Timeline

Channel: Timeline - World History Documentaries



Video: How The Global Quest For Gold Shaped History | The Power Of Gold (Part 2) | Timeline

Channel: Timeline - World History Documentaries



Video: The Great Gold Obsession: What Made It So Precious? | TimelinE (Part 3) 

Channel: Timeline - World History Documentaries



Learn, Before you Invest.

Don't Get Scammed


Video: Don't Fall For These Gold SCAMS | Andy Schectman

Channel: Liberty and Finance


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