The question then comes,
if you buy into that argument,
well,
who should own gold,
right?
In my opinion,
everybody.
Gold is for everybody.
And you know this.
Again,
I'm preaching to the choir because it's a store of purchasing power
with high liquidity for potential
financial crisis you hope to never have.
You buy a small allocation in your portfolio and you
hope that everything else in your portfolio does well
and it goes nowhere because then you don't need it.
You don't need your insurance.
I mean,
you don't buy homeowners insurance and hope you get to cash it in,
right?
Same thing with gold in your portfolio.
You want to hold it just in case,
but pray that you never need it, right?
So everybody needs gold.
It's highly liquid and it serves its purpose.
Now,
a lot of times the next generation doesn't get
what you're doing.
You have the foresight to understand gold's role in your portfolio.
You've seen this chart that suggests
what gold does when you measure it.
measure it with a mismanaged fiat currency,
right?
So you've seen this chart.
That's why you're buying gold.
Your heirs
oftentimes have not seen this chart.
Don't get it.
Don't appreciate it.
They haven't seen this one either
where gold tracks the money supply.
You know,
if you ever want to know where the gold prices go and just wonder,
are we printing money or not?
Yes, we are.
We did it hyperbolically.
Guess where the gold price is going?
There's not a whole lot of mystery to it.
You know this.
Take the time.
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