We as a species are rapidly approaching the end of cheap and easily extractable resources. The wealth of most Westerners could get wiped out during the next decade due to commodity inflation and ridiculous political policies. Focusing on your real purchasing power is critical. As this brief documentary discusses, what is it that makes gold so special? Merely as a “tradition” as Bernanke would have us believe, or sound money for 6000 years? You decide but I would include silver as a precious monetary metal. The historical price ratio of gold to silver has been 13:1, currently it is more than 60:1 but in terms of resource availability you get 9 ounces of silver for every 1 ounce of gold found in the ground.
This 7 minute video is from Peak Resources.