Doug Casey on why gold is the best money
“There’s nothing magical about gold. It’s just uniquely well-suited among the 92 naturally occurring elements for use as money… in the same way aluminum is good for airplanes or uranium is good for nuclear power. There are very good reasons for this, and they are not new reasons. Aristotle defined five reasons why gold is money in the 4th century BCE (which may only have been the first time it was put down on paper). Those five reasons are as valid today as they were then.”
USAGOLD note: Casey goes on to list those five attributes in this well-written exploration of gold as the best form of money. . . . .The ‘gold as money’ argument is fundamental to understanding its importance as a long-term portfolio holding.
Image: Aristotle/Johann Jakob Dorner the Elder (1741-1813)
Re-post from 8-13-2019