But why Gold? Why would an individual or government want to hold Gold as a safety net for troubled times? You cannot eat Gold, in the same way you cannot eat currency, nor a stack of Treasury Bills. But Gold can help make sure you can eat later. Or in the case of government, can help ensure you can purchase whatever goods and services your populace may need later.
While we’ve touched on the industrial uses of gold and silver before on the blog, we wanted to revisit the topic and expand our understanding.
Arguably one of the most defining features of the Gold American Buffalo is its title as the first 24-karat gold coin ever offered for public investment by the U.S. Mint.