![bankster.jpg](https://steemitimages.com/DQmPwJHJYWE8C1uhpun1tCAET5jciQ4gCERZ6WiJJSTgyKg/bankster.jpg) [Source](https://www.veteranstoday.com/wp-content/uploads/2017/08/Khazarian-Mafia.jpg) *“It’s a barbarous relic and it has no yield.”* You say? Well you’re right but if that was the only truth to it then why are Central Banks around the world holding Gold. Even buying more of it? These guys are supposed to be the bankers bankers, the elite of the financial world. They are buying Gold and if you practise the age old wisdom of *“Watch what we do, Not what we say”* then you’d know not to listen to bankers claims of Gold being a “Barbarous Relic” and instead pay close attention to the fact they are still buying it. ![central-bank-gold-purchases.png](https://steemitimages.com/DQmZTNNd64CcBeLE1cspzYVzxoKCKf7H2QXYAcXpohBevfz/central-bank-gold-purchases.png) [Source](http://news.goldseek.com/GoldSeek/1455894420.php) Gold has been at the center of the financial world through much of human history. The paper notes we pass around and call *“Money”* were once redeemable for Gold or Silver not so long ago. The famous British Pound was called that because it was once the equivalent value of one Pound (by weight) of Sterling Silver (92.5% Purity Silver). The fact that the modern British Pound has nowhere near the value of a Pound (by weight) of Sterling Silver should be a clue as to the reason why the wise ones might prefer to save in Sterling Silver rather than paper British Pounds. Yes, you guessed it – INFLATION. ![poundscomparison.jpg](https://steemitimages.com/DQmYRtmtecREoEP7cPZyxs947JusNMAB8u6YGmZcBRPRdUh/poundscomparison.jpg) [Source 1]( https://ii.mypivots.com/banknotes/gbp-10-british-pounds-2.jpg) [2]( https://media.licdn.com/mpr/mpr/AAEAAQAAAAAAAAPUAAAAJDEyMGVmOGY4LWRjMzUtNDM5Ny05NDc0LTQ0OTk2ZDU2MzJmNw.jpg) *Which would you prefer : 10 British Pounds or 4.53kg of 92.5% Silver?* In 1971, the US Dollar was famously unhinged from the Gold standard and since then paper money has been backed by nothing except government promises. In truth, modern paper money is backed by the Taxpayer and it is now commonly accepted that we have a 2-3% Inflation Target per year! What we have seen over the last 46 odd years is an unprecedented monetary experiment that has allowed governments around the world to print money and rack up debts in the name of getting politicians re-elected. ![historic-debt.jpg](https://steemitimages.com/DQmUA2EV7CREwxTmL1WrSDG8DCyrBbHFK3XrbmnyhVZ1Chv/historic-debt.jpg) [Source](https://agoodhuman.files.wordpress.com/2009/10/historic-debt.jpg) Gold and Silver in todays world still has value and while bankers and investment advisors might reluctantly acknowledge that these precious metals are an effective hedge against inflation, they are also a hedge against badly behaving governments. If you’re like me you can see plenty of badly behaving governments around the world today, so it’s a good time to wise up. ![politicianspending.jpg](https://steemitimages.com/DQmNkwPFNMJYXGk5i2HiY8kLFUZziseeTgRc95chnJGLJYP/politicianspending.jpg) [Source](http://www.azquotes.com/picture-quotes/quote-no-politician-is-ever-benefited-by-saving-money-it-is-spending-it-that-makes-him-h-l-mencken-121-67-20.jpg) Investing in Gold and Silver is not so much about **Wealth Creation** as it is about **Wealth Preservation**. If you’re here on Steemit you know about Cryptos which is an excellent innovation to invest in for **Wealth Creation**. But when the inevitable downturn or the next financial crisis occurs, wouldn’t it be prudent to focus at least a little bit on **Wealth Preservation** too? ____ ![steemsilvergold.png](https://steemitimages.com/DQmcrrAKhneQkmgH5Q8ebnrvWBV39rVYW3xtMcrNQn41DU4/steemsilvergold.png) ![TeamAust_buggedout.png](https://steemitimages.com/DQmSfn8N9CPKHUUsqp7KUXwbUJEyT96qLw91AWdz2gTiVcr/TeamAust_buggedout.png) **Images and Credits** https://www.gold.org https://www.veteranstoday.com https://www.mypivots.com http://www.muthead.com https://agoodhuman.wordpress.com http://www.azquotes.com http://news.goldseek.com