By James Turk
Because people generally calculate the price of goods and services only in terms of the national currency of the country where they live, it is not easy for them to recognize what is happening to the value of the currency. To truly understand what is happening to the currency, they also need to calculate prices in terms of gold, which today is one of the world’s most misunderstood asset classes. For this reason, gold’s traditional and rightful role in finance and commerce is not fully appreciated, with the result that gold is undervalued.
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