Gold is a terrible form of money. In the past, it was all humanity had—despite its flaws. Even paper money turned out to be a better option than gold. But as we move into the digital era, gold is becoming even more irrelevant as a monetary standard.”
Here’s why gold fails as money:
Scarcity: Gold isn’t as scarce as people think. It’s actually quite abundant and more can be mined or even extracted from the oceans and electronics.
Inflatable: More gold can always be found, meaning the supply can increase, which weakens its role as a store of value.
Portability: Gold is heavy and not practical for everyday use or transferring value across distances.
Durability: While gold is chemically stable, it can still be physically altered or degraded over time.
International: Yes, it’s recognized worldwide, but it’s not easily transacted in a globalized digital economy.
Fungibility: This is questionable—especially when counterfeits or tampered bars are involved.
Divisibility: Gold is hard to divide precisely without specialized equipment.
Verifiability: Gold can be faked. Even experts can be fooled without proper testing tools.
Supply Transparency: Nobody knows the exact global supply, and central banks and governments have manipulated it for decades.
Decentralization: Gold is not truly decentralized—most of it is held by central banks and large institutions.
Unconfiscatable: Gold can be seized, stored, and tracked. It’s been confiscated before (e.g., Executive Order 6102 in the U.S. in 1933).
Track Record: Gold has a long history, but much of it involves manipulation, control, and centralized storage.
Gold will never return as money in a free market. It will, however, continue to be valuable in manufacturing, electronics, and jewelry.
Stay away from gold. The future is digital. The future is Bitcoin.
Watch this video to see how easily fake gold can trick even experienced dealers. It’s not worth the risk:
Note ID:
note1dv6mrgjkz677w60w53ug490v837pjl3f04xfku652rsum0actw6q56ad5g
Post#331
