Currency debasement is not a modern invention. Roman emperors clipped silver from their coins. Henry VIII debased English coinage so aggressively he was nicknamed Old Coppernose, because the silver coating wore off his coins and revealed the copper beneath. The method changes. The outcome never does.
The modern version
Today no one clips coins. Central banks simply create new money electronically. The Bank of England created £895 billion through quantitative easing, and every new pound dilutes the ones already in your account. The effect is slow and almost invisible year to year, which is exactly why it works.
What it does to your savings
The Bank of England's own inflation calculator tells the story: prices have risen so much since 2006 that a pound today buys barely half of what it did then. Nobody stole anything. The money simply melted, which is what unbacked currency has done in every era of history.
The money they cannot print
Gold is the one form of money no government can debase. Its supply grows only as fast as it can be mined, around 1.5 to 2 percent a year, and no committee can vote to create more. That is why gold has outlasted every paper currency ever issued, and why savers turn to it whenever the printing accelerates. UK legal tender coins carry the added benefit of being Capital Gains Tax free.
Speak to us
This is information, not a sales pitch. If you would like to talk anything through, book a call with the team or phone 0208 064 0076, Monday to Saturday, 8:30am to 6:30pm. When you are ready, our range of tax-free UK gold coins is available to browse at any time.
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Sources
- Bank of England, quantitative easing (£895 billion programme)
- Bank of England, Inflation Calculator
- World Gold Council, gold supply data
Gold Tier Advisory provides information on physical gold ownership. We do not provide regulated financial advice. The value of gold can go down as well as up.
