What We Did
The financial crisis which enveloped Europe caught many of us, and no matter how we twisted and turned, we were unable to escape its relentless march through the very fabric of our lives. Often it felt as if there was one rule for them, the elite, the old guard, and no rule to protect us. The financial management of the problem was always designed to save the giants and not the individual. Countries and governments got it wrong and austerity was ours to bear.
As intelligent and resourceful people we applied ourselves to the problem; how to develop a credible scheme to protect cash, our own money. How to secure it against time, inflation, deflation and crisis. It was imperative we found a secure home for our capital, the requirement to protect capital was paramount and had to be placed above yield or income. And yet it was essential in a long term solution that the capital would have to be sufficiently liquid and realisable, so as to afford us the ability to earn money and take advantage of opportunity.
With the run on cash, and currency fluctuating heavily on endless negative data, we realised that property or some form of investment would be the best option to preserve capital. However, bonds, securities and stocks were definitely not attractive. Real estate afforded no better alternative and came with its own raft of problems, see (Gold vs Property) and location was another issue, where to buy in the world.
Finite commodities were always an option, but again dependent upon industrial performance and storage issues in the long term. A particular commodity with monetary qualities and portability was shining through and the elementary choice was made, although we realised we had to find a way to make the product work, as we intended to hold it for the long term. Its long term performance was the attraction and whether looking at the 2000-year curve or the 15-year the yellow metal has always looked good.
Taking into consideration all of the factors bearing heavily on cash and with many years of historical data to analyse, there was a natural choice to protect cash, convert it to gold.