{"id":48030,"date":"2019-08-27T15:16:21","date_gmt":"2019-08-27T20:16:21","guid":{"rendered":"https:\/\/olduvai.ca\/?p=48030"},"modified":"2019-08-27T15:16:23","modified_gmt":"2019-08-27T20:16:23","slug":"heres-a-dirty-secret-few-people-know-about-gold","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=48030","title":{"rendered":"Here\u2019s a dirty secret few people know about gold"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/mk0smt6w49ri1qf.kinstacdn.com\/wp-content\/uploads\/2019\/08\/canadamaple.png\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.sovereignman.com\/category\/trends\/\"><\/a><a href=\"https:\/\/www.sovereignman.com\/trends\/heres-a-dirty-secret-few-people-know-about-gold-25505\/?utm_medium=email&amp;utm_source=sm_notes&amp;utm_campaign=notes&amp;utm_content=20190826_gold_coins\">Here\u2019s a dirty secret few people know about gold<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In 1962 in a picturesque setting in Santa Barbara, California, two local entrepreneurs opened a low-cost, roadside inn where the nightly room rate was just $6.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They called it Motel 6.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And today the chain has grown to over 1,400 locations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you want the most straightforward explanation for why you should own gold, consider your local Motel 6.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s noteworthy that, today, the very same Santa Barbara location now rents its rooms for nearly $90 per night.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That\u2019s a 15x increase in 57 years, an average increase of roughly 5% per year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Are the rooms 15x bigger, or 15x nicer? Not really.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The reason the price has increased so much is because of inflation\u2013 the gradual erosion of the US dollar\u2019s purchasing power over the past several decades.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is why it\u2019s important to have a conversation about gold.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike paper currencies, gold has a 5,000 year track record of keeping up with inflation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In fact, when priced in gold, a room at the Motel 6 has actually gotten cheaper.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Back in 1962, an ounce of gold would buy you about 6 nights at the motel. Now, despite the 12-fold increase in the price of a room,&nbsp;<em>one ounce of gold will buy you 21 nights there<\/em>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That\u2019s because the price of gold has largely outpaced the rate of inflation and the decline in the purchasing power of the US dollar.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gold is a fantastic long-term store of value. It\u2019s also an insurance policy\u2013 a hedge against paper currency, systemic risk, and uncertainty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And there\u2019s plenty of those in the world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But there\u2019s also a number of catalysts emerging right now that could send gold prices substantially higher in the near future, so it may be worth considering gold right now as a speculation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a0\u2026click on the above link to read the rest of the article\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here\u2019s a dirty secret few people know about gold In 1962 in a picturesque setting in Santa Barbara, California, two local entrepreneurs opened a low-cost, roadside inn where the nightly room rate was just $6. They called it Motel 6. And today the chain has grown to over 1,400 locations. If you want the most [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[309,426,7312,7313],"class_list":["post-48030","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fiat-currency","tag-inflation","tag-simon-black","tag-sovereign-man"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48030"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48030\/revisions"}],"predecessor-version":[{"id":48031,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48030\/revisions\/48031"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}