The thing with Gold.
Ya gotta store it and protect it.
The whole time, it sits gathering dust.
Ya can’t eat it.
Can’t bandage a wound with it.
Can’t hunt with it.
In a crunch, ya want a gold coin? or food, water, medicicine, and some diesel?
Dante’s Peak - Couldn’t pay enough to get on the Helicopter out of there.
See Twilight Zone, “The Rip Van Winkle Caper”
Land? You can grow something on it.
Let folks live on it.
Raise animals on it.
Save your own life with it.
Ever have a phone that no longer can take a charge? It is because of corrosion in the contacts. If those connections were coated with Gold you would not develop that problem. Gold does have useful properties beyond trade.
Yes!
“There are two types of people on this earth, those that are slaves and those that are masters, the difference between them is land.”
You can’t do any of those things with your securities either..