Gold is not a Commodity

in #steem8 years ago

Gold is Money. Gold is not a Commodity!



What is a Commodity?


A commodity is a raw material or produce that can be traded. Examples, Copper or Coffee Beans.

Is Gold a Commodity


No. While it can be traded as a commodity, Gold is more of a currency than a commodity! This is so because it is a bet against fiat currencies which hold no value other than perceived value based on government enforcement. Therefore, Gold is money and should be a priority form of savings.

Why buy gold?


Gold is money regardless of any reclassification as a commodity. It is more acceptable globally than any fiat currency and more durable than any current physical currency. Hence, it is an excellent protection of your time an effort . Since 1971, when the US dollar was removed from the gold standard, gold rose 3000% against the US Dollar!

Gold is hard to transact with


No, recently Gold Money Inc. a canadian innovative company that is publicly traded (XAU) offers an excellent solution for savings and transacting in gold. You can now purchase physical gold that you can deposit in different vaults globally to save. You can also get a pre-paid MasterCard that you can load with your gold in order to make purchases instead of piling debt.

Why should I buy gold now

  • First of all, fiat currencies lose their value on a daily basis as more money is being printed out of thin air that is lent to bank which are loaned to you and others. There is no way to pay this debt back! Therefore, a financial collapse is on the horizon.
  • Secondly, the Chinese Yuan (fiat currency) will be introduced into the reserve currency basket (SDR) and will be BACKED by GOLD!. This will be take place on September 30th, 2016. This event will cause investors and traders globally to trade with china and other nations using thr Yuan instead of the US Dollar. The result will be a fast declining USD and gold will rise in value rapidly. It is expected to reach $10,000 USD per 1 ounce of Gold then.
  • Finally, you need to understand that the price of gold over the last 10 years has been moving in an upward trend...see below

It is highly recommended to go to http://www.Goldmoney.com/r/SNPmTN and sign up and buy gold!. You will receive 5% bonus on the first $100 worth of gold you purchase within the first 72 hrs upon signing up.

Sort:  

Thanks 4 the post
Will Check it out

You will not regret it as I have been able to easily save $30 a week in gold which is greate as that $30 have been going up in value =). I love saving now.

I see
Gold 4 Sure

This is a great article. Happy to share on Twitter and follow and read your posts. Cheers. Stephen

Coin Marketplace

STEEM 0.31
TRX 0.11
JST 0.034
BTC 65139.82
ETH 3206.69
USDT 1.00
SBD 4.16