Since 1913, when the United States Federal Reserve was created by Congress, the dollar has lost 96% of its purchasing power due to inflation.
A common misconception today is that prices for goods and services have been going up. The truth of the matter is that prices have remained nearly the same in precious metals terms; it is the value of the dollar that has declined.
Gold bullion is a real, tangible asset...and arguably, the best form of currency the world has ever known. In times of economic or social crisis, gold is a safe haven. Gold is convenient as it is rare, durable and can purchase a goods and services globally in small amounts. It is globally recognized, and can be easily traded throughout the world.
South Korea's Central Bank Expanded Gold Reserves by 24 Percent in February Mar 5, 2013 - South Korea's central bank dramatically increased its gold holdings by 24 percent last month, as it joined other central banks in diversifying investments into gold, Bloomberg reported. read more
Fed Pushes Into "Unchartered Territory" With Record Assets - Bloomberg Jan 24, 2013 - Federal Reserve Chairman Ben S. Bernanke's unprecedented bond buying pushed the Fed's balance sheet to a record $3 trillion as he shows no sign of softening his effort to bring down 7.8 percent unemployment. read more