There isn’t Much Gold to Go Around

Gold just keeps on going.  As we write this post it has reached 18 new record highs so far this year!  

One reason gold is racing to new heights is that there just isn’t much to go around.

The world has plenty of experience with collapsing monetary systems.  When people suddenly realized that the crisis of inflation is not simply because prices are rising, but rather because the money itself is failing – a moment Ludwig von Mises calls “the Crack-up Boom” – they look for long-lasting alternatives.  Over the centuries gold has stood out as the world’s preferred and enduring money.

But when the stampede begins, the failing money buys very little gold or anything else of value.  At the same time, there isn’t a lot of gold to go around.  The graphic from Elements/Visual Capitalist makes that clear.

There is a reason that gold is called a “precious” metal.  We think it is prudent to acquire gold now.  And beat the rush because as you can see there’s not much gold to go around.