Metals are honest money. Everything else is credit.
In a time when everyone is lying to everyone all the time about everything and no one can trust anyone with anything, credit is worthless.
Hold a gold coin in your hand and you know it's real.
Have someone tell you they have numbers in an bank account somewhere and you don't know if it's real, especially when the bank can fail or the government can come in and just freeze the account.
Worse still is without a gold backing, there's nothing stopping the government from infinitely inflating the money supply.
If you put aside $4000 in cash in a time capsule for your kids and they find it 30-40 years from now, they'll be very disappointed and think you were an idiot.
Put inside a 1oz of gold coin, and they'll never forget you.
Metals are honest money. Everything else is credit.
In a time when everyone is lying to everyone all the time about everything and no one can trust anyone with anything, credit is worthless.
Hold a gold coin in your hand and you know it's real.
Have someone tell you they have numbers in an bank account somewhere and you don't know if it's real, especially when the bank can fail or the government can come in and just freeze the account.
Worse still is without a gold backing, there's nothing stopping the government from infinitely inflating the money supply.
If you put aside $4000 in cash in a time capsule for your kids and they find it 30-40 years from now, they'll be very disappointed and think you were an idiot.
Put inside a 1oz of gold coin, and they'll never forget you.
I completely agree with you. Plus its "Pirate Treasure" :)
Gold is the money of Kings, silver is the money of Lords, barter is the money of peasents, debt is the money of slaves.