Why is gold real wealth and the world's best wealth protection?
"On an investment panel a few years ago I was confronted by four panelists who were skeptical of gold. "OK, gentlemen," I said, "Let me put a question to you. Let's say you each have a grandchild. You want to leave your grandchild one single item of value, an item he or she will receive when they reach the age of 35. What are you going to leave them?"
There was a long pause. It was obvious that this was a question that they have never dealt with before. Finally one of the panelists spoke up. "I see your point, Russell, I'd have to leave them gold, preferably gold coins. I don't know what will happen to stocks or anything else 25 or 35 years from now, but I do know that gold will be wealth in 2030 or 2040 or 2050."