GOLD VS USD$
Adjusted for inflation, 1997 to 2017
THE CASE FOR GOLD
If you keep cash in a standard debit account, inflation is slowly draining your savings. As this chart shows, the buying power of the U.S. dollar has declined dramatically over the past two decades. A $100 bill stashed in no-interest savings in 1997 is now worth only $65 when adjusted for inflation, while $100 in gold has increased to $303 – a powerful reason to use gold for your everyday spending needs.
With a universally accepted currency like gold, you can skip right by those lines and keep the FX hand from dipping into your travel funds. Same goes for international purchases, like a fishing charter in Baja or drinks at a Paris bistro; why pay a conversion surcharge when you can skip it?
THE GOLD APP
So how does a normal investor start saving and spending with gold? A new financial technology company called Glint has developed a proprietary system that lets you buy gold through a mobile app and spend it with a Mastercard® debit card. Whether you buy $10 or $10 million in gold, you’ll own real, physical gold that’s held in your name in a Swiss vault with the company trusted to hold the world’s bullion: Brink’s. Simply download the app, register, and transfer dollars from your debit account. Glint purchases the gold immediately, and insures it with Lloyds of London. From there, you can spend your gold wherever Mastercard® is accepted, on anything from gas to groceries to globe-trotting vacations. The firm’s technology converts the value of your gold into dollars in real time, meaning you can also use an ATM to withdraw cash.
With a Glint gold account, you protect your savings from volatile markets, you sidestep inflation, and you sail through customs with a fatter wallet. And that is why gold is making a comeback.