If supply was the only thing that mattered for a money Gold would be dominant right now Why isn't it?https://twitter.com/MustStopMurad/status/1030101419473469440 …
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Notably the digital borderless realm + digital assets don't suffer from most of the above issues. Read the "Ethics of Money Production" (Hulsmann), "The Bitcoin Standard" (Ammous) or "What the Government has done to our Money" (Rothbard) for more answers to your questions.
Here's what $100 looks like parked in gold (white) vs a bond fund (green). Illustrates 1) why mainstream financiers aren't that into gold as a SoV and 2) why a slow, steady decay in purchasing power of the dollar doesn't concern people managing capital.pic.twitter.com/Qs2TAOfrVS
Oh just realized I forgot to account for roll yield / storage cost on the gold. Over 40 years that probably divides the $556.70 by 3!
Now see I'm a South African and Gold has enjoyed Legal Tender status here since the 70s. Now why was the Rand, which saw high 20% inflation rates for nearly half of the last 40+ years, not replaced by gold?
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