WHY ISN’T GOLD $ 3,000-PLUS?
For 6,000 years, long before the first coins were created, gold has been used as a safe haven medium of exchange. Physical gold (and silver) has never failed in preserving wealth. This is in sharp contrast to fiat (paper) currencies that are not redeemable in gold or silver. Fiat currencies have a mean average lifespan of 40 years and a median age of 25 years before they collapse.
It is this stability of value that has served gold as a safe haven asset of last resort over the centuries. While real estate assets are also relatively durable, they are not portable and transportable. In fact, in times of economic crisis, real estate has a horrible history of not being liquid. That is why gold and silver have been so popular as safe haven assets in troubled times.
When you look at all the tremendous political and economic turmoil in the world today, why haven’t the prices of gold
