Why is it people continue to have this insane notion that gold is “the one asset that can’t be debased, devalued or destroyed.”


Why is it people continue to have this insane notion that gold is “the one asset that can’t be debased, devalued or destroyed.”
Gold , like any other asset only has value IF people believe it will retain value!
The simplest example to demonstrate this is that if there was only one plate of food left on this planet NO ONE that had it would trade it for 1 gram, 1 Kg or even 1 tonne of gold! WHY? It would not be able to buy another plate of food as the last plate will be gone!!
Any asset only has perceived value, of which “money” is just a uniformly accepted medium of barter which people believe will retain its value! Unfortunately all our current and historical monetary systems have been under the control of rulers who have never yet abused their power! The solution is not a gold standard, but a monetary system that is not under the control of those in power!!!!

This entry was posted in The FED, Money and peoples intransigence to daylight robbery!. Bookmark the permalink.

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