I hold physical gold because I know it’s history. I also know the human propensity to destroy fiat currency. It must be something about the lure of infinite wealth that gets them every time. There is something very “Lord of the Rings” about the power to create money and it’s inevitable corruption.
However, when this system crashes and it inevitably will, I’m not sure gold will help. Why, because I think the gold holders will be in the vast minority and I think in a situation like that majority will rule and that will be the non-gold holders.
In the end, it will just be local communities working together to take care of each others need. We might just find that, that is more indicative of freedom than being able to get a toaster oven and 2am.
97% of that fiat on our books does not even really exist. It’s pixel money. Faith based. If enough people don’t believe in it it ceases to have value. No matter how much you have.
The fiat wizards keep on preaching but the congregation is losing faith.
