All kings , commoners , and businessmen are supposed to keep their assets in the form of gold, and the more gold you have, the richer you are. With the advent of paper money , gold has retained its place. However, many people keep their wealth in the form of currency ; gold is by far the most stable asset and the best properties .

Wherever you are in the world and if the economy of the country is wrecked and the value of the country has fallen sharply, and you keep your money in gold, then you don’t have to worry because your asset is still valuable . If you put your gold in a safe and the safe catches fire, the gold in the safe will melt. In this case too, your asset has retained its value and you still have a significant amount of gold. On the other hand, if you keep your wealth in the form of a banknote, then in such an accident you will only have some ashes.

For example, the President of the United States signed a document on the increase of tariffs on imports of steel and aluminum. For imports, 25% of steel and 10% of aluminum value will be deducted as a tax.

Trump did this to support domestic production, but Trump did not give good news to the countries that export steel and aluminum to the US, and they said that they would respond to this American move. They certainly do not mean that they will attack the United States! It is rather an economic response that we call economic warfare.

What is the “currency war” ?

Currency war is a term used to describe countries trying to increase or decrease the value of their national currency!

Many countries try to lower the value of their national currency ! Maybe this is strange to you, but when the value of a national currency falls, the inhabitants of that country can buy their products less abroad, so they are forced to use domestic products. In this case, domestic production flourishes. On the other hand, the exporter of a country also tries to export more, because the value of the imported currency is very high, and successful exports are more profitable than before.

Here we must know that the restriction of the controlled value of a country’s currency, which is planned by the central bank and the government, is quite different from the restriction of values ​​resulting from economic or war problems.

Ultimately, gold is the winner of all economic wars, no matter where you live in and what your country’s economic conditions are. Gold is always valuable, and no matter what happens, it does not lose its value, and the big approach to gold has shown that the long term value of gold has wanted to outpace the decline.