bonds and fixed deposits) puts us all at the mercy of the central bankers. Owning gold will mitigate that risk, and if the last five thousand years are any indication, it will preserve our wealth and purchasing power far into the foreseeable future. Does that mean we need to own no other asset but gold? Alas, if only it were that easy. The cash regime under which we all serve is more powerful than we are, and though gold holds purchasing power over long periods of time, because it is pegged to the fiat currency, its apparent value at any given time is the inverse of how the currency is
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