from Casey Research
Editor’s Note: In yesterday’s Weekend Edition, Casey Research founder Doug Casey explained why gold is uniquely suited for use as money. Today, Doug explains why today’s debt-based paper currency is not real money…
By Doug Casey
Gold’s main use, contrary to the belief of some, isn’t in jewelry or dentistry—although those uses are important. Its main use has almost always been as money. But gold’s ancillary uses are growing in importance because, given its physical characteristics, it’s a high-tech metal. It’s one of the most resistant to chemical reaction, one of the most ductile, the most malleable of all the elements, and it’s an exceptional electrical conductor.