Good info, but my point is, gold and silver prices can be manipulated, and money doesn't have to have all those characteristics to be good. Debt and control of money supply are the main problems.
I agree, but what i'm saying is the inflation of the currency, afaik, is caused by corruption and controlling monsters who create the debt and manipulate the money supply. Those same forces will be in play with gold-based money. A fix is to stop creating debt backed currency and control the money supply for 0% inflation. I think it's been done before.
Money is Gold, nothing else.
Money needs to be stable. In order to be stable, it needs to meet these 7 characteristics.
(1) It must be durable, which is why we don’t use wheat or corn, or rice.
(2) It must be divisible, which is why we don’t use art work.
(3) It must be convenient, which is why we don’t use lead or copper.
(4) It must be consistent, which is why we don’t use real estate.
(5) It must possess value in itself, which is why we don’t use paper.
(6) It must be limited in the quantity that is available, which is why we don’t use aluminum or iron.
(7) It should have a long history of acceptance, which is why we don’t use molybdenum or rhodium.
Only GOLD and SILVER fit all seven characteristics.
EVERYTHING else is inferior which makes them credit. They are essentially Gold substitutes.
Value is ultimately determined by the person holding the money. "He who has the Gold makes the rules."
Good info, but my point is, gold and silver prices can be manipulated, and money doesn't have to have all those characteristics to be good. Debt and control of money supply are the main problems.
Do not confuse money with currency. ONLY Gold is money. Why do so many people not understand this?
All these Central banks acquiring Gold at a record pace are not "buying" Gold. They are selling their dollars.
When the dollar hyperinflates you won't be able to use it and nobody will give you Gold for it because ONLY GOLD IS MONEY.
People have been conditioned to think of value in dollars but dollars were born from Gold. When the system crashes everything reverts to Gold.
Get it while you still can.
https://financialpost.com/news/economy/in-venezuela-people-break-off-flakes-of-gold-to-pay-for-meals-and-haircuts
I agree, but what i'm saying is the inflation of the currency, afaik, is caused by corruption and controlling monsters who create the debt and manipulate the money supply. Those same forces will be in play with gold-based money. A fix is to stop creating debt backed currency and control the money supply for 0% inflation. I think it's been done before.
Yes, with a gold-backed currency that is redeemable.