Gold is the most misunderstood asset class in the financial world.
I remember when I first understood this and how enlightened I felt when I realized the true value of gold in one’s possession. I was 23 years old.
Because I was asked to speak at multiple conferences lately, I decided the time was right to explain the true nature and importance of gold in one’s portfolio, a concept that most modern investors simply do not understand or grasp.
Based on the responses I received after delivering this talk, it was evident the information I shared definitely struck a chord with those in attendance.
The information presented below is the content of my talk at those conferences. The first slide in my power point presentation was a quote.
Gold is the currency of monarchs,
Silver is the currency of the educated,
Barter is the currency of the working class, And Debt is the currency of slaves
The second slide was this graphic below which was a statement that J.P. Morgan made while testifying before Congress in 1912.