The question is always asked, Gold – Who’s Got it? Who Doesn’t? Before there was ever the dollar, yen, dinar or euro, there was gold. We know dating back thousands of years, the basis for “money,” as we know it today, was gold. Not the kind of gold you buy on paper or in a fund, but the actual cold hard metal itself. History shows us the empires in early civilizations that controlled the most gold had the most power. The cultural elite hoarded it and worshipped it for its beauty, while many ancient cultures transformed gold into idols and shrines…(does the golden calf ring a bell?)
China Loves Gold!
One thing today that is certain; change is in the air. The current trade war between the United States and China is proof in point. Could this be the final dagger in the US dollar’s status as the world’s reserve currency? Have the Chinese been preparing themselves in recent years by importing record amounts of gold, surpassing India as the world’s largest importer of gold? To make matters even more interesting, China has also become the largest gold producer, with the kicker here being that none of this gold is exported. How much gold China has is the trillion-dollar question. Our best guess is that it’s more than enough!
Which brings us to the next question, how much gold does the United States have? If you believe what the US government tells us, we currently have just north of 8,100 metric tonnes. It is also important to note the United States hasn’t added gold bullion to its holdings in more than 60 years.
Golden Retirement?
The most important question to ask yourself today is this; does it make sense for me to back my retirement portfolio with gold? The simple answer to this question is yes.
Midwest Bullion Exchange, Inc. has built a solid reputation for helping the novice and the seasoned investor take private delivery of certified investment-grade gold, silver, and platinum bullion products from the world’s most reputable mints.
Call us today at 888-928-3390 or visit us on the web at www.privatebullion.com
