2015-10-25 Sun

Throughout history, one of the more pitiful occurrences is the devaluation of currency. Today, money is synonymous with those little pieces of printed paper that we carry in our pockets. A new concept of electronic money has emerged over the last few decades where your money does not even exist physically and has turned into a state of understanding between two parties. The early concept of money included cowry shells, beads, stones, and the practice of bartering. With so many funny ideas adopted as a form of money, the devaluation of currency was inevitable. Rarity is the key to maintaining a stable economy. If a currency is issued in a large quantity, its value is diminished.

If you carefully sift through the concepts adopted as currency, one concept stands out as the most sensible. Gold has been a stable and consistent form of money. Its properties make it uniquely suited to the task. Of all the elements on the periodic table, Gold is the only element that is inert, solid, non-reactive, and sufficiently rare. It is malleable and holds its form for a long period of time. We would be hard-pressed to find a more suitable candidate for currency. Gold currency may be an old concept, so are other timeless ideas like the wheel, language, and mathematics. These concepts are tested and proven to work over time.

Paper currencies lose their value when printed in abundance, which makes it smart to hold a part of your hard-earned savings in the form of this precious metal.