by Simon Black
Sovereign Man
Gold is really an amazing metal when you think about it.
It doesn’t corrode. Coins buried underground or sunk at the bottom of the ocean for hundreds of years are routinely pulled up and brushed off, and they’re good as new.
This strength and durability is precisely what makes gold so interesting as an inflation hedge.
It undoubtedly takes a lot of work to produce a gold coin or bar– so much labor, energy, technology, etc.
A gold coin essentially represents all of the work… all of the effort and labor… that went into producing it.