I say this kindly, but you're an idiot if you think the Gold Standard is garbage. It's been currency for 1000s of years, and is still one of the best store of value assets you can physically own and hold. The DS cannot print more physical precious metals, and there is a finite supply we can ever get.
There's a small fraction of the world's population that has enough gold in hand to buy a yacht, even if it were 50k an ounce. That's nothing. But there is also a reason why all the wealthy hold physical gold, do you think they are stupid? There's a reason why they are wealthy. I'd go out and guess over 95% of the world's population doesn't even have 1-2 troy ounces of gold.
Do you also realize most of the world's population either lives off of debt, or just paycheck to paycheck? Don't you think some of the world's population deserves a financial break for the first time in their lives? Not having to work your entire life to live?
If gold and silver prices weren't manipulated to death over the last 80 years, it would be a non issue. It needs to find true price discovery without the fuckery. So what if some people finally get ahead in life. It's not going to be a big % of the world population to greatly benefit from it anyways.
so why have countries such as China, India and Russia all been buying up gold for the past few years, I agree that anything can be used as a money token, but when over half of the planet agree that the token to be used is Gold, then the bottle tops remain as bottle tops.
History says otherwise, modern day Venezuela says otherwise, Weirmar Germany says otherwise. it is happening right now and your post will not age well.
I say this kindly, but you're an idiot if you think the Gold Standard is garbage. It's been currency for 1000s of years, and is still one of the best store of value assets you can physically own and hold. The DS cannot print more physical precious metals, and there is a finite supply we can ever get.
There's a small fraction of the world's population that has enough gold in hand to buy a yacht, even if it were 50k an ounce. That's nothing. But there is also a reason why all the wealthy hold physical gold, do you think they are stupid? There's a reason why they are wealthy. I'd go out and guess over 95% of the world's population doesn't even have 1-2 troy ounces of gold.
Do you also realize most of the world's population either lives off of debt, or just paycheck to paycheck? Don't you think some of the world's population deserves a financial break for the first time in their lives? Not having to work your entire life to live?
If gold and silver prices weren't manipulated to death over the last 80 years, it would be a non issue. It needs to find true price discovery without the fuckery. So what if some people finally get ahead in life. It's not going to be a big % of the world population to greatly benefit from it anyways.
so why have countries such as China, India and Russia all been buying up gold for the past few years, I agree that anything can be used as a money token, but when over half of the planet agree that the token to be used is Gold, then the bottle tops remain as bottle tops.
History says otherwise, modern day Venezuela says otherwise, Weirmar Germany says otherwise. it is happening right now and your post will not age well.