Gold is a hedge against bad government decisions
“Gold is a hedge on government authorities making poor economic choices. Inflation is usually the result of those poor decisions, but people confuse cause and effect here. Gold is a hedge on policy makers screwing up, and there has been a lot of screwing up in the last 20 years.”
USAGOLD note: We would stretch that to the last fifty years (the fiat money era) – as many of those poor decisions ended up negatively affecting the value of the currency, the stability of markets and the savings and investments of ordinary Americans. We have relayed the writings of Jared Dillian in the past. He is an effective communicator and a long-time proponent of gold ownership.