저자: Animation Comedia · 외국인
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one of the reasons that people are so arrogant particularly in America that the dollar status is not in jeopardy and so that we can keep on running these huge deficits we can create keep on creating inflation and the world's got no choice right but to stick with the dollar because are they going to go to the euro are they going to go to the Yen you know the pound I mean they're going to be I agree all of those currencies also have problems and so do you really want to switch from one flawed fiat currency to another even if those other Fiat currencies may be less flawed than the dollar right do you really want to make that shift I don't think that that's what's going to happen what everybody is missing is that there is an alternative to the dollar that doesn't involve another fiat currency and that's gold that is real money everybody forgets that for thousands of years gold was money it was money because it worked now over the course of time uh we had paper currencies that would rise and fall I mean hundreds of years ago there were paper currencies that are now worthless and you don't even know their names you know they come and go but gold has has stayed you know gold works as money and so I think what these central banks are going to do is as they get out of dollars they will just increase their Holdings of gold gold will be the monetary anchor gold will be the reserve monetary asset just the way it was before the dollar it wasn't the British pound I mean the British pound was a dominant currency but gold was what everybody owned the British back to pounds do you see any do you see any evidence that some of these alternate currencies are starting to back their currency claims with gold oh yeah you can what's happening on the central banks are now buying more gold than they've bought in in in decades especially a lot of the uh you know the Emerging Market countries not even maybe so much the United States isn't buying any gold and maybe you know some of the more mature uh countries but a lot of other countries that had predominantly held dollars and then to a lower degree Euros or Yen or pounds these countries are increasingly buying gold that's why gold is at a record high I mean Gold's around two thousand dollars an ounce but in terms of just about every other currency on the planet gold has been hitting all-time record highs uh and again that's not really gold going up that's all these Fiat currencies going down but what are the reasons that countries would want gold as opposed to the dollar is the US government doesn't have any control over it you know gold is an asset that's not also somebody else's liability and nobody could create it you have to mine it no one country you know has the advantage so you know why would you want to take away uh that that privilege that the United States has and just bestow it on somebody else who is going to abuse it the same way I mean the United States abused that privilege that we had and we we we exported all this inflation to the world we took advantage of the this the position that we were in uh so why would you want to put another nation in in a position to similarly take advantage of the world it's much better to go back to to honest money and again even when we were on Bretton Woods before you know 1971 and we were on the dollar standard it was because the dollar was backed by gold again if you held dollars you held gold that's where the saying came from the dollar is as good as gold in fact the legal definition of a dollar is a is a weight of gold that's what a dollar is dollars or gold the the the paper currency that circulated Federal Reserve notes are not dollars they are notes of the Federal Reserve initially the those Federal Reserve notes were payable in dollars the dollars were the gold that the Federal Reserve notes paid because if you think about what a note is a note is a promise to pay something a Federal Reserve Note is supposed to pay something well what did it pay it paid gold it paid dollars today Federal Reserve notes pay nothing their ious nothing the Federal Reserve is not obligated to give you anything I mean if you have a ten dollar bill okay so people people might object and they and they have that well gold is just another arbitrary standard of value it has some intrinsic worth it's useful for jewelry it's useful for certain industrial applications but it's just another psychologically valuable currency without any intrinsic value and so it shouldn't be a repository of value in principle that's any more stable than let's say a well-managed or even a badly managed fiat currency and so what do you what do you why is it that gold has proved itself let's say over centuries or Millennia as a storehouse of value what is it about gold intrinsically let's say that seems to have given it that edge the idea that gold doesn't have any intrinsic value is just pure nonsense it's obviously politicians have a vested interest in in trying to diminish gold as a monetary alternative to the Fiat system and even now you have a lot out of cryptocurrency enthusiasts who say the same thing well you know gold has no value because they want to justify something like Bitcoin which also has no value and say well gold worked as money and it has no value so so Bitcoin could work well it's not true that gold has no value gold is the most valuable the most useful metal on the periodic table gold became money because it was such a valuable commodity but gold has a lot of properties that make it uniquely qualified to be money more so than than other Commodities that's why gold was so successful over the centuries as money because people preferred to use it as money it wasn't governments that decided gold is going to be money the people decided that gold was going to be money and once the people decided that gold was going to be money if you were a king you know well you would tax people in Gold because if you wanted to pay your soldiers to protect you your soldiers wanted gold right so it was the money created in the free market and it beat out all other forms of money because gold you know a gold coin uh all they're all all the same you could melt gold down and you can make it into coins uh it's fungible it's portable it's divisible but the other aspect of goal that is the key you can save gold because if I have an ounce of gold in 100 years in a thousand years it's exactly the same it doesn't lose any of its properties and in fact even if I take my gold and I make you know I make a ring out of it or I I use it to make a watch right you can melt this ring down and you get your gold back and it's exactly the way it was you could do something else with it there's really no other metal you can keep using it over and over and over again I mean they fill teeth with gold if you find somebody buried in the ground you know you could take their fillings and you know the Gold's still there you know there treasure ships from the 1400s 1500s they sink if they recover the wreckage the only thing that's still there is the goal it's it looks exactly the way it looked when the sink when the ship sank 500 years ago so from a point of savings because money has to satisfy three primary conditions two of them are a unit of account an immediate exchange but the third one is the store of value and that's important because it's also makes it possible to do loans that I can borrow money you can lend money and you can be repaid and you know that the money that you're going to get repaid is going to retain its value and so that's something that gold that gold does better than than other metals but the value of gold even if I'm not using my gold today as a medal let's say I have gold stored in a safe and you say well you know you're not using it for anything that's true but I'm preserving the future use of that goal somebody in the future is going to need that gold and so I'm storing it right now because you know there are more uses for gold that are discovered all the time because of its very unique properties I'm sure in a hundred years or a thousand years there will be more uses for gold than there are now
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