Whilst we're talking about capitalism and making money, the reality is the only thing that is actually worth anything is gold.
Gold is pretty much the only thing- they used to have the Gold Standard system where every piece of currency that was in circulation was backed by gold, but they scrapped that a long time ago.
The only country in the world to keep it on at least some level has been Switzerland.
It's no coincidence that roughly one-third of the world's wealth is held in Swiss francs.
Why? Because it's backed by gold.
Most other currencies are just what is known as 'fiat money.
' There's nothing backing them but the word of government.
And we all know how reliable that can be.
Also, inflation can kick-in and it can devalue the money further.
What's inflation? Inflation is just a word.
What does that word mean? It just means printing money.
Whenever you hear the word inflation, it just means the government has/is printing money.
That's all it means.
Inflation has gone up 10%.
Well, they've been printing a lot of cash.
I once said to a gentleman that there's an infinite supply of money.
You can get more than you need out there, if only you know how.
He said: "What do you mean, what do you mean there is an infinite supply of money?" He limited himself.
He didn't have the knowledge.
He didn't know how.
He was quite ignorant.
I said: "What do you think the government does with inflation?" "Well, that just means it's gone up a few percent.
" "What does that mean?" He didn't know what it meant.
I explained to him, that if the government could just print money whenever it wants, surely the supply must be increasing.
He agreed.
I said: "Surely then governments aren't going to stop printing money any time soon.
So, there's more than enough to go around, isn't there?" He said: "Well...
", you could see it on his face, his mind was trying to comprehend that for so many years he'd held the wrong belief.
He'd come to the wrong conclusion, and I was setting him straight.
Some people don't like it when you set them straight.
They'll resist.
They'll fight.
They'll deny it.
That's up to them.
But to change your mind on something you've believed for a long time takes and shows a lot of courage.
Often, people might say something to me like: "Sam, what do you think about this?" I can't be bothered getting involved.
I don't want to hurt their feelings.
I just can't be bothered setting them straight, going through, talking through the conclusion and the solution.
That's my little bit on gold.
Just be aware of that.
If you do make a stack of cash, you're probably going to want to put some of it in gold, gold coins, companies, possibly shares in companies that look for gold and have gold mines.
Just be aware of that.