I have studied money and monetary systems for over 30 years and have argued the case against people with doctorates in economics. I have also written banking software.

I probably "get it". Not guaranteed, but probably ;)

Here is a challenge for you hoss... go buy a pre-60s silver certificate.. you will pay more than the face value sure and you can sell it for more than face value.

BUT

That is only because of the novelty. The challenge is this.. take the same certificate down to any bank of your choosing and try to cash it in.

Not that I am a gold bug or anything, but Peter Shiffs <spelling> has a preeety good book (the fish book) that I made my kids read when they were 13ish...

No matter HOW much people say they are going to do the right thing, they will ALWAYS end up doing a "fractional reserve" thing once they start spending moar than they bring in and the people are no longer looking.

I still don't own any bitcoin because I have worked with spooks in the past and don't like the idea of money invented by an ANON... BUT I would say once the people who think tulip bulbs ain't sexy no moar stop speculatin' on it... it might be what we have to use interim.

There is a pretty good sayin' that you don't really own anything you can't carry on your back at a dead run.

If you don't own the gold, you just own a promise... like the federal reserve promise, or the social security promise, or the computerized voting machine promise, or the we give you the truth in our newscast promise, or the EPA will punish the train wreck fuckers promise, or the TSA is for your safety promise, or the IRS will go away after WWI is finished promise, or the Great Society will make black people like you promise, or the Strategic Reserve will only be used in times of war promise, or the you will get a fair trial promise, or the it's in the interest of the country to send your son over to die promise...

I can list moar promises if I need to.