Gold opens all locks, no lock will hold against the power of gold!

By George Herbert, 2021

Humans have been fascinated by gold for millenia, actually it never taints and by its unique color. Sadly, gold is pointless in engineering terms, apart from plating electric contacts, to guarantee they never taint and lose their conductivity. You may find gold plated contacts on top quality hi-fi parts. The metal is too soft, with too low a tensile strength to be used for much besides necklaces and rings. As an investment though, gold is a different story altogether. Gold costs fall and rise, according mostly to the degree of fear that people have about the future. When war is imminent, gold costs soar, as more folk buy gold. They are buying gold for many reasons. The gold will be there without regard for what occurs to the currency and because war has a tendency to lead to high inflation, paper money becomes worth less and less. Folk outside the war area buy gold because they see the price going up and have they suspect it'll keep going up and they are going to be ready to sell at the head of the market and realize their profits. Also buy gold because When industrial conditions are good, inflation low and work rate high gold prices fall. Gold costs fall as it has no natural price, only the worth attached to it by folk's fear. In calmer times, it is likely to invest in shares and gain from the rising share costs that typically go with economic expansion. Conclusion : Go against the trend - buy gold when everyone seems to be pronouncing to invest in the stockmarket.

Sell gold when things are looking grim and there are a few buyers out there. Till recently, many nations made it illegal for people to hold gold bars or bullion. People could buy gold coins and other items however.

The South African Krugerrand was minted to exploit this opportunity and to earn much-needed currency exchange for that country during the years of industrial sanctions. These days you can buy gold, silver and platinum coins in numerous denominations, including Canadian and US greenbacks, sterling crowns and sovereigns.