Is Gold Money?

Centralized mismanagement creates financial, economic, and social turmoil. These forms of turmoil, both realized and potential, are driving the price of gold higher today.

Gold has always been a rare and valuable commodity. Will gold as money prevent the next financial crisis? History clearly says no. Gold or gold backed currencies (i.e. the gold standard) cannot prevent excessive debt creation and loss of confidence that arises from centralized mismanagement.

Be realistic and prepared.

Bernanke to Paul - "Gold isn't money"