Gold is honest money.
Unlike fiat money, which we have all been forced to use, it can not be created out of thin air. During the century just ended, there were three major peaks for the Dow Jones Industrial Average, as measured in ounces of gold. Most certainly, the first two peaks marked the beginning of devastating stock market declines and huge bull markets in gold. We think that evidence is mounting that the 1999 peak will also mark a major reversal in the equities and gold markets. History always repeats itself, though never exactly in the same way.