Exactly why it has been Wealth for over 4,000 years, paper comes and goes…one must ask why are the World’s Central Banks buying historic, record amounts of Gold?
Some of us know the answer, the “ herd” doesn’t.
What is gold's current worth? Don't measure in terms of US dollars.
How much does it take to acquire it? Again, no US dollars.
How much can you make from it in trade? No dollars.
My point is that people like to measure gold against a monetary system. Gold itself is not a good currency or form of money.
Nothing against gold - for those who want to hold it as an asset. Let's just not make it into something it's not.
Having said that - we definitely need to move away from debt-based money.
“one must ask why are the World’s Central Banks buying historic, record amounts of Gold?”
Exactly! one must ask why is Russia’s Central Banks selling historic, record amounts of Gold?