Gold is a terrible form of money. In the past, it was all humanity had\u2014despite 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.”<\/p>\n\n\n\n
Here\u2019s why gold fails as money:<\/p>\n\n\n\n
Scarcity: Gold isn\u2019t as scarce as people think. It\u2019s actually quite abundant and more can be mined or even extracted from the oceans and electronics.<\/p>\n\n\n\n
Inflatable: More gold can always be found, meaning the supply can increase, which weakens its role as a store of value.<\/p>\n\n\n\n
Portability: Gold is heavy and not practical for everyday use or transferring value across distances.<\/p>\n\n\n\n
Durability: While gold is chemically stable, it can still be physically altered or degraded over time.<\/p>\n\n\n\n
International: Yes, it\u2019s recognized worldwide, but it\u2019s not easily transacted in a globalized digital economy.<\/p>\n\n\n\n
Fungibility: This is questionable\u2014especially when counterfeits or tampered bars are involved.<\/p>\n\n\n\n
Divisibility: Gold is hard to divide precisely without specialized equipment.<\/p>\n\n\n\n
Verifiability: Gold can be faked. Even experts can be fooled without proper testing tools.<\/p>\n\n\n\n
Supply Transparency: Nobody knows the exact global supply, and central banks and governments have manipulated it for decades.<\/p>\n\n\n\n
Decentralization: Gold is not truly decentralized\u2014most of it is held by central banks and large institutions.<\/p>\n\n\n\n
Unconfiscatable: Gold can be seized, stored, and tracked. It\u2019s been confiscated before (e.g., Executive Order 6102 in the U.S. in 1933).<\/p>\n\n\n\n
Track Record: Gold has a long history, but much of it involves manipulation, control, and centralized storage.<\/p>\n\n\n\n
Gold will never return as money in a free market. It will, however, continue to be valuable in manufacturing, electronics, and jewelry.<\/p>\n\n\n\n
Stay away from gold. The future is digital. The future is Bitcoin.<\/p>\n\n\n\n
Watch this video to see how easily fake gold can trick even experienced dealers. It\u2019s not worth the risk:<\/p>\n\n\n\n