When governments print money, the sane response is to buy gold. If you don't trust gold, do you trust the logic of taking a pine tree, worth $4,000-$5,000, cutting it up, turning it into pulp, putting some ink on it and then calling it one billion dollars?

Currencies come and go, but gold has been a store of value for more than 5,000 years. Gold is rare but paper money is not. Presented with an opportunity to churn out extra cash at little expense, it takes a special kind of government to resist. Few seem able to do so.

Inflation wrecks currencies. The world's two most successful currencies, the US dollar and the British pound, both of which are still used by other nations to hoard wealth, have each lost more than 95% of their value in the past 100 years.

By contrast, there is a finite supply of gold. This keeps it honest. Regardless of the dollar price involved, one ounce of gold would purchase a good-quality man's suit at the conclusion of the Revolutionary War, the Civil War, the presidency of Franklin Roosevelt and today.