Look at gold as being your fallback money currency.

Gold has seen a lot of ups and downs over the last week or so, and has dropped a fair bit from its recent highs.

That said, many believe – myself included – that the long-term picture for gold is still positive.

I say that for a number of reasons. In particular, right now, I am looking at gold as being a safe, fallback currency.

Economic woes in both the U.S. and Europe, not to mention Japan, are far from over. Everything is still uncertain. In addition, we are seeing a growing number of skirmishes over the relative values of the world’s major paper currencies.

This currency war is particularly visible between the U.S. and China.

Well, if we can no longer look at the U.S dollar, or the Euro, or any other major currency as being a safe, reserve currency, what can we do?

For me, the most reliable currency, both now and for the foreseeable future, is gold.

It is a global currency, with a world price. It can be exchanged for cash in any country in the world.

In fact, gold is the only form of money that is universally accepted, worldwide.

Yes, it has its ups and downs. But if you sit back and take the long view, its price has been steadily rising for years, and looks continue to do so.

Until the world’s economies and paper currencies are in much better shape, I wouldn’t be selling any gold, even when the price dips.

I’d be buying more.