Once upon a time the US dollar was based on gold, from the time of our beginning as a nation until the dollar was fixed to an ounce of gold bullion. Then it changed, where the dollar was not securely fixed to any type of gold, from bullion to gold coins, it was and basically is a political currency.
Which is why some still feel gold is more secure since it is tangible, you can hold a gold coin in your hand, if the paper dollar were to disappear, gold and other metal commodities would still have value. It's why so many purchase gold as part of their investment package and why companies like Aurum Advisors specialize in the sale of gold in it's various forms. It creates a profit for some but it also provides a feeling of financial security, that no matter what happens to the value of the US dollar, gold will still exist and be sale-able.
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