Because our country’s founding fathers were skeptical of Government power and control, we too should be wary of that occurring again. They knew that absolute power can corrupt absolutely, so they built an unrivaled democracy based on a system of checks and balances.
Federal Reserve System
Yet, since the Federal Reserve System was created in 1913 to conduct the nation’s monetary policy, supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions, it has ballooned into a large bureaucracy heavily influenced by powerful politicians and privately owned banks.
Diversify Your Assets
Collecting with just a portion of your finances in gold, a tangible asset – accepted worldwide – that rises as the dollar falls will enable you to continue your lifestyle by liquidating your gold rather than other lifelong collections. It’s just smart to not put all your eggs in one basket (the stock market, real estate, hedge funds, or even gold), but to diversify.
People Believe It is Good
Additionally, an entity outside of our nation’s central bank (the U.S. Department of the Treasury) has the sole authority to print the currency we use. As much as they want, any time they want. This currency is no longer backed by gold reserves, but by faith in our government. In other words, the money is only as good as people believe it is good.
Change in Checks & Balances
Over time our system of checks and balances has been seriously altered by powerful lawmakers, private banks, an independent treasury, and foreign governments. The possibilities of corruption or simply poor judgment have created new and greater risks.
Gold is a Hedge
Add to that, the evolution of an irreversibly linked world economy that can seriously impact our nation’s currency value and it all just seems to warrant owning gold as a hedge and insurance policy in the event our currency is heavily devalued.