By Porter Stansberry in the S&A Digest:

I've honestly never cared about the price of gold - as measured in dollars - nor have I ever been interested in trading gold.

In fact, I've never sold a single ounce of gold, though I have given some away as a gift. Understanding gold has always been easy for me, intuitive even. It's the only sound, private, stable, and universally accepted form of money. An ounce of gold is no one else's liability. It's easy to hide, easy to transport, and easy to divide. It doesn't generate a yield, which means you don't have to report it to the U.S. Treasury (or anyone else), no matter where you decide to keep it. It will not tarnish. And the U.S. government can't print more of it... no matter how hard it tries.

In my mind, the battle between the value of the dollar and the value of gold is simple. Gold stands for honesty and permanence and has for all of recorded human history. It is the physical manifestation of truth. There has never been a single time in all of history where an ounce of gold failed anyone, ever. Paper money, on the other hand, stands for fraud and deceit. It is the physical manifestation of a lie. And it has been for all of recorded human history. There isn't a single historical example of a paper currency that didn't fail everyone who held it.

Crux note: The S&A Digest comes free with a subscription to Porter Stansberry's Investment Advisory. Click here to learn more...