We consider gold today not in a common top-10 list of why to own what humanity has spontaneously selected as money. Rather, we address why to swap your medium of exchange from paper currencies to gold right now. Here are some of the factors we will touch on:
- Dollar’s loss of world reserve currency status: The extent to which the Fed’s banknote (the co-opted dollar) is no longer needed or demanded for use in global transactions
- What defines demand is the rate at which gold is adopted as an alternative to the dollar
- Bankers fighting deflation