By Rick Mills, Ahead of the Herd
As a general rule, the most successful man in life is the man who has the best information.
Gold no longer has a legal role in the world's monetary system, but because of a collapse of faith in sovereign obligations - fiat currencies/paper money ? and a coming complete lack of trust in governments and financial institutions, gold is going to quickly become a core banking asset.
So why do I believe gold is going to become a core banking asset, what exactly does gold have going for it to make this possible?
"Gold, measured out, became money. Gold's beauty, scarcity, unique density and the ease by which it could be melted, formed, and measured made it a natural trading medium. Gold gave rise to the concept of money itself: portable, private, and permanent."