We propose that gold is not only a financial hedge to government monetary and fiscal policies, it is a mandatory portfolio and household diversification asset. Gold provides a degree of separation from the ongoing debasement of all fiat currencies. While gold is a reportable and taxable asset in all developed countries, it is not subject to manipulated fiat currency and sovereign bond markets. We believe gold is, first and foremost, a store of value. We believe there is fundamental support for a qualified currency to exist outside of government-led debasement. Gold is multiples more legitimate and efficient than any other alternative currency.