CEO of Goldmoney, Roy Sebag, explains his thoughts on Gold as the eternal store of value since the rise of Civilization. About its important function as a preserver of wealth, an arbiter of business and commerce, and its ability to withstand the test of time. Gold is created though the collaborative process of civilization, it is the backing of the economy, and the energy utilized to create it is a reflection of its value as well. Diamonds are made of carbon, the common elements of carbon, but the element of gold itself is rare and cannot be replicated. Our fiat system is a shell, an illusion, and now the cryptos are asserting a right to legitimacy alongside a monetary system that is backed only by military force, financial deception, and mass hypnosis.
Mr. Sebag and his partner in Goldmoney the estimable Mr. Josh Crumb have many fascinating talks on real vs. illusory wealth, and the ability of gold to return sense to a capitalist system eating away at its own foundation, and destabilizing the world’s balance of power once again.
Respectfully,
https://www.kitco.com/business-trends/jewelry-worth-its-weight-in-gold-mene.html
Thank you! Always something new to learn about Gold and the monetary system.
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The Tool to Measure Value, isn't about the Value of the Tool...
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Damn I didnt know about the gold being made from rare irreplaceable material.
This a more scary time right now given that everyone around the world is pushing for crypto to become a main currency.
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