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Why do we hoard gold?

Why do we hoard gold? In defiance of the world of fiduciary payments. Because of fears about war, revolution, devaluation, taxation. To avoid paying inheritance taxes. To remain true to ancestral reflexes that ensure that gold as a refuge and gold as a reserve prolong the gold fetish.

Hoarding gold has both advantages and disadvantages. On the side of the advantages, one has to include its discretion, gold can not be identified. Unlike notes and cheques, which are numbered, coins have no serial numbers and whilst ingots are numbered, it is easy to remove the mark or simply melt the metal. Gold’s longevity must also be added to the positive side of the scales: neither the air, nor the earth damage it; as the Indians say: ants don’t eat it. It does not change over the centuries. Gold is a durable security (…)  CLICK TO READ MORE – GOLDCOIN.ORG




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" Ce qui compte pour un alpiniste, c'est son effort, c'est son adresse, ce sont ses muscles. La corde qui l'assure ne joue aucun rôle tant que tout va bien. Mais elle lui donne la sécurité. De même, l'or ne sert qu'à garantir la confiance. C'est un refuge. "