Is there money that is not subject to government devaluation?
"Shocker! The Financial Times (they own the anti-gold Economist magazine) has been anti-gold for as long as I've been reading this great newspaper. But today I opened the paper, blinked, and rubbed my eyes. The lead editorial in the today's Financial Times in big black letters reads, "Gold is the new global currency."
And it's true. There are now three reserve currencies. Two of these currencies consist of fiat paper that can be manufactured at any time in any quantity at the touch of a button. The two are US dollars and euros.
The third reserve currency is gold. Gold is the ultimate reserve currency, the only one that defies being manufactured or printed by a central bank."