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So, I asked myself "Do these guys need, or for that matter, even want one of my dollars, or do they want access to my credit card history?" How about you just PAY ME, for my credit card data, & I'll mail you a silver dime… What's your mailing address?
So many complaining it is from 2017 - don't watch then!! This is for me most informative and is appreciated by me, still relevant today and needs to be shown to the people who say Gold is not money.
dlwatib - just a thought. Maybe Canada has huge reserves in the ground, and is positioning itself in event of global recession, in the interim? Might be a wise move?
@@kevinw9073 the originator of the phrase was Keynes, but according to Jim everyone misquotes him. I can't remember the exact wording, but I believe Keynes said the gold standard is a barbarous relic. Not gold itself. So people perpetuate the misquote in order to scorn gold.
@@User0resU-1I believe when they pulled silver out of coins and paper then closed the gold window they created the true barbarous relic, The U.S. Dollar!
United States is ranked number 14 in the world for complying with the principles rule of law it is a primary reason as to why United States is collapsing the laws are arbitrarily and capriciously enforced by the government and the courts JP Morgan found to be in violation of the Rico laws is simply required to pay his fine rather than have it's license pulled the culprits sent to jail and the correct message sent to the other Banks another example is Scotiabank simply slapped with a fine or it's hundreds a documented times tampering with the market and costing innocent persons Financial losses
"... there are x2 kinds of money, one you extract out of the earth like gold, the other you pull out of thin air like federal reserve fiat". Which camp does crypto fall into?
How can I transfer gold across the world instantly for essentially no cost? I'd rather carry a Bitcoin wallet when traveling then a bar of gold. Bitcoin has its own pros and cons just as gold does. Fiat is unlimited Bitcoin by design is anti inflationary and incorruptible to this day.
"Pulling out of earth" referenses to scarcity and work. Bitcoin satisfies both requirements. Stock to flow ratio will soon surpass golds. And it's the only absolutely scarce commodity. Gold isn't. Anything can be used as money, if it's scarce. Seashells in the mountains, rocks in the coast, as we have seen in the past. Those currencies got broken, when the scarcity was, by traveling peoples and new technologies. Bitcoin scarcity will not be broken. You can fork it as many times you want, still not new bitcoins created beyond the 21million limit. By forking or creating new blockchains, all you get is seashell equivavelents of bitcoin. The real bitcoin is still there, unchanged.
Tenebrousable I would agree with you, but unfortunately the consensus nature of Bitcoin is its biggest strength and weakness at the same time. If you look at the discussions and debates, it makes your head spin as to what the "real" Bitcoin is. Is it Bitcoin Core, largely influenced by the company Blockstream? That version is currently not usable as currency as it can only handle 3-5 transactions per second. Is Bitcoin Cash or SV closer to being the "real" Bitcoin? Depends who you ask. The market will hopefully eventually decide what the best and most suitable cryptocurrencies are, but the madness of crowds can overwhelm the wisdom of many
@@owenbenjaminshapiro6285 You buying a pack of gum getting recorded on blockchain on thousands of nodes globally, for all time, was never in the cards. Lighting etc 2nd layer won't resolve it either, even tough they'll help. It'll be a 3rd layer. Paypals of bitcoin, if you will. Dozens, hundreds, even thousands, settling transactions daily or so. That will fit in the blockchain just fine, with the option of easy exit in to your own keys left possible, keeping them honest enough. It'll not be 100%. It's impossible to be perfect. It will be 99,99%, wich is 1000x better than any central bank. And that will be enough to drive the adoption to global. One fiat collapse at a time. There's nothing needed from the concensus network to make that happen, deciding between 1MB or 8MB block. Market already decided that. Will the decision get reversed? Not likely? If it will? Doesn't matter. Some new properties emerge? Go right ahead. We'll see how many adopts the code. It'll be fine.
Neither. It's a payment platform. Expensive and inefficient but a way of sending fiat through an electronic ledger and reconverted into fiat on the other side.
The greatest interview on gold Iv ever seen. I always re visit this interview both James Turk and grant Williams have a deep understanding on the macro fundamental picture and the gold market.
Alan Watts mentioned the idea expressed at 53:00 but the bankers had the holdings in an Island and later came to find out that even though the paper trail was neat and tidy, nothing was there to back up the books.
FLCL I know all about bitcoin it’s a classic pump and dump. There is zero need for crypto considering gold exist. If you want to use digitalized money than we should be doing it in gold which the guy being interviewed is the owner of gold money which has been around for quite some time doing just that. There is zero benefit to using completely digitalized currency rather than hard money than can easily be digitalized.
@Johnny Askari we would think it'd go without saying but when people like this speak, they say what they mean and mean what they say. I can't make a somewhat assumption of assets he may know that I don't.
@@stephenpack2202 Gold was king, untill the USA government captured the system and later turned it into fiat currency. The experiment has been ran, the results are in.
December 2022. Fascinating look-back at this one. BTC under $17k, inflation "coming down" at 7%+, and interest rates rising. Gold hasn't won, it's just lost less badly than a lot of other things. Still holds as a good part of diversification.
I have been reconnected. Thank you. 12:45 Murray N. Rothbard "The Case for a 100 Percent Gold Dollar" Murray N. Rothbard "What Has Government Done to Our Money?" Ludwig von Mises "Theory of money and credit" Charles Holt Carroll "Organization of debt into currency"
The problem is we think we are buying gold but it is really electronic gold like Bitcoin which isn't real. It is probably one of the main reasons the NSA doesn't share that quantum computer with us.
When "Empires of money end"? Please, get it right: fiat paper currency is not the same as real money. You confuse everybody every time you use the word "money" in place of currency. Nearly all the viewers here know that you mean currency which is inflating and becoming ever more worthless each year.
Yes the US government is corrupt and will use any means it see's necessary to get what it wants. But to blame the situation in Venezuela soley on the evil Americans is letting the Venezuelan government/corporate class off the hook to easy. Venezuela made some bad decisions and are reaping that harvest.
@@Lee-xb7lb The 'bad decisions' Venezuelans ( like Libyan's , Syrians, Iraqi's , Afghani's , Iranians, Greeks, Haitians , etc etc etc ) was to support leaders like Chavez who had serious flaws but absolutely intended to alliviate the worst suffering of the poor in their countries by ensuring that all the gains from capitalism didn't end up with the 1%. Now of course the US finds ready allies in the corporations and the reactionaries/racist/conservatives in every country that intends to prevent progress so as to ensure their own capacity to keep taking almost all the economic gains. I understand your larger point that it's out local tyrants that conspire against us with foreigners to keep their class interest well defended but those exist in every society and if the USA did not use it's post war power to crush democracy wherever it could find it billions of lives would have been significantly if not radically better today.
It's almost here just got a few more year's. This titanic finds the ice Berg it's been looking for. Best be holding gold and silver and LED 😂 when it does.
Fixed supply currency systems like gold and silver fail because they cannot scale up with the economic size and cannot be programmed to control or soften downturns. Why is this failed idea constantly revisited, money/value is a concept created by humans, we can assign it to a piece of paper or tomorrow to a bunch of digits.
By scaling I'm assuming you're talking about the inability To inflate gold and silver in order to drive up asset prices? And by soften a recession I assume you mean the government Bailing out the system so that we don't have to feel the pain of our mal invesment? Yeah those are the reasons why I buy gold. We have rising inflation and falling bond yields. It's a recipe for gold success.
@@nickhohl we dont have rampant inflation as predicted by gold shills. And as long as the debt can be serviced it doesnt matter how much debt you take. The bailout was handled very poorly, more heads should have dropped and people should have gone to jail. But the system did save it self from a global catastrophic event . Bread lines weren't formed , global commerce wasnt destroyed. You cannot be sooo libertarian in saying that we should have let the world collapse and people suffer. At that point you are arguing to preserve a arbitrary monetary system over people.
@@sass4519 Have you looked at the stock market recently? You're understanding of inflation is flawed. Inflation doesn't necessarily mean rising prices, it can just mean prices don't fall as much as they otherwise would have. Inflation of prices doesn't happen systematically and evenly spread. Inflation only happens when the dollar is in a downtrend. Guess what is happening right now? Core inflation and CPI have both been rising since 2016.
@@sass4519 By not allowing the system to fail we are perpetuating more of the same problems. How can you say we have a strong economy with such levels of debt on an individual corporate and sovereign level? This is a result of artificially low interest rates. If you set the interest rate above or below the market equilibrium you create surplus and shortage of debt. The fed raised interest to 2 and a 1/2 percent and it crashed the stock market because our conomy can't afford to service debt at a mere 2.5%
@@nickhohl Core inflation trend is a blip over the larger timescale. If pumping two rounds of QE didnt do it than i dont know what will. In my view, most Americans (specially older ones) dont think of one aspect. The US dollar is a global currency with multiple soverign currencies linked to it. I.e. Its networks of value pyramids built over the USD. The US has been successful in moving the world out of gold as its stable value. There are not just $1.5 T circulating in the US but its the trillions USD floating abroad in soverign wealth funds and central banks that gives USD its strength against volatility .Even if the whole US economy hollows out ( which it slowly is ) the dollar will keep strengthening because it is the reserve currency of the *world. That said every fiat currency does collapse in dur time and i personally do hedge in gold but its a misrepresentation to oversimply how complex USD has become in the globalized financial system, its no longer the american currency. So in short he might be right *but in 50 years*.
You and dlwatib have a misunderstanding of BitCoin...I can assure you that neither of you are even close to understanding what BitCoin is and will be in 2040.
@@MrWeatherking Yeah one of the most bullish things about Bitcoin IMO is how misinformed its naysayers are. It's like there's a direct correlation between how much you know about Bitcoin, and the extent to which you see its value.
@@DL-hu9yw The misinformed are not just the naysayers...the misinformed is 99% of the so called "cryptosphere". BTC is not Bitcoin...it is in fact a fork of Bitcoin. BSV is the original Bitcoin....and Craig is Satoshi.
Jonathan Johnson it’s funny all the guys that actually understand markets banking and finance are in gold. All the Technology nerds are in bitcoin. Bitcoin is technology and it is not money. Gold has an inverse relationship to the dollar and bitcoin is not correlated or inversely correlated to anything because it has no fundamental ties to anything related to the monetary system therefore it’s a pure speculative position.
The ironic part is we use some part of technology to buy gold which is how I think it relates to Bitcoin. I think inverse correlations are a little bit discounted right now.
Steer clear of his scheme unless you have excess fiat currency that you can afford to lose. Also, there is no anonymity, you still have to lodge personal information so that goldmoney could and would divulge if required to do so. If you wanted to redeem your holdings to take delivery, there is a charge as there is with 'storage'. Call me cynical but either of these arrangements could mean your paying to store nothing or paying for goldmoney to acquire the gold when you want delivery. If your gold holdings are simply a digital entry on a digital inventory, gold money's income could be generated from just running a digital platform. Offer some actual gold for them to store, I did, I wasn't able to make a deposit.
We've launched our Gold vs. Bitcoin campaign on October 14th! Join us on our platform for this exciting line-up of content AND get Real Vision Premium for only $1 for 3 Months here: rvtv.io/GoldvBitcoin
No more waiting for the content to make it here weeks or even months after it was shot and no missing out on insights and information that move markets. Better yet.... No advertisements! Join today!
So, I asked myself "Do these guys need, or for that matter, even want one of my dollars, or do they want access to my credit card history?" How about you just PAY ME, for my credit card data, & I'll mail you a silver dime… What's your mailing address?
@@PaulMcHanJr lol. You need the kind of help that we can not provide.
You need gold to make bitcoins.
So many complaining it is from 2017 - don't watch then!! This is for me most informative and is appreciated by me, still relevant today and needs to be shown to the people who say Gold is not money.
As relevant as ever.
bassmuso so relevant. Shows they were in it a long time ago not just now on bandwagon
Gold is money and Silver is money. Plain and simple, yet so many still don't understand this truth.
You have noticed that too, LOL. You just move on.
Electrom a natural gold silver alloy is the best because purifying gold will cost money
The fact that the IMF doesn't allow banks to use gold is proof the financial system is a corrupt, evil racket.
Most central banks are ignoring the IMF in that regard. Canada has foolishly sold off all its gold, but it's more the exception than the rule.
dlwatib - just a thought. Maybe Canada has huge reserves in the ground, and is positioning itself in event of global recession, in the interim? Might be a wise move?
“ There is no cost of capital showing how absurd these times are “
Yes, I can never get enough of that "barbaric relic" and silver for that matter. Mr. Turk is a legend in the metals industry. GREAT interview.
I think you mean "barbarous" relic...
Keynes never said that. He's misquoted according to Jim rickards.
@@User0resU-1 I'm quoting Charlie Munger.
@@kevinw9073 the originator of the phrase was Keynes, but according to Jim everyone misquotes him. I can't remember the exact wording, but I believe Keynes said the gold standard is a barbarous relic. Not gold itself. So people perpetuate the misquote in order to scorn gold.
@@User0resU-1I believe when they pulled silver out of coins and paper then closed the gold window they created the true barbarous relic, The U.S. Dollar!
I would love to see a follow up interview as of today, given the Coronavirus and its affects. The content on this channel is beyond wonderful!
Grant did a two part on Gold. Anyone got the link to the first episode chronicling the history of it please?
United States is ranked number 14 in the world for complying with the principles rule of law it is a primary reason as to why United States is collapsing the laws are arbitrarily and capriciously enforced by the government and the courts JP Morgan found to be in violation of the Rico laws is simply required to pay his fine rather than have it's license pulled the culprits sent to jail and the correct message sent to the other Banks another example is Scotiabank simply slapped with a fine or it's hundreds a documented times tampering with the market and costing innocent persons Financial losses
"... there are x2 kinds of money, one you extract out of the earth like gold, the other you pull out of thin air like federal reserve fiat". Which camp does crypto fall into?
How can I transfer gold across the world instantly for essentially no cost? I'd rather carry a Bitcoin wallet when traveling then a bar of gold. Bitcoin has its own pros and cons just as gold does. Fiat is unlimited Bitcoin by design is anti inflationary and incorruptible to this day.
"Pulling out of earth" referenses to scarcity and work. Bitcoin satisfies both requirements. Stock to flow ratio will soon surpass golds. And it's the only absolutely scarce commodity. Gold isn't. Anything can be used as money, if it's scarce. Seashells in the mountains, rocks in the coast, as we have seen in the past. Those currencies got broken, when the scarcity was, by traveling peoples and new technologies. Bitcoin scarcity will not be broken. You can fork it as many times you want, still not new bitcoins created beyond the 21million limit. By forking or creating new blockchains, all you get is seashell equivavelents of bitcoin. The real bitcoin is still there, unchanged.
Tenebrousable I would agree with you, but unfortunately the consensus nature of Bitcoin is its biggest strength and weakness at the same time. If you look at the discussions and debates, it makes your head spin as to what the "real" Bitcoin is. Is it Bitcoin Core, largely influenced by the company Blockstream? That version is currently not usable as currency as it can only handle 3-5 transactions per second. Is Bitcoin Cash or SV closer to being the "real" Bitcoin? Depends who you ask. The market will hopefully eventually decide what the best and most suitable cryptocurrencies are, but the madness of crowds can overwhelm the wisdom of many
@@owenbenjaminshapiro6285 You buying a pack of gum getting recorded on blockchain on thousands of nodes globally, for all time, was never in the cards. Lighting etc 2nd layer won't resolve it either, even tough they'll help. It'll be a 3rd layer. Paypals of bitcoin, if you will. Dozens, hundreds, even thousands, settling transactions daily or so. That will fit in the blockchain just fine, with the option of easy exit in to your own keys left possible, keeping them honest enough. It'll not be 100%. It's impossible to be perfect. It will be 99,99%, wich is 1000x better than any central bank. And that will be enough to drive the adoption to global. One fiat collapse at a time. There's nothing needed from the concensus network to make that happen, deciding between 1MB or 8MB block. Market already decided that. Will the decision get reversed? Not likely? If it will? Doesn't matter. Some new properties emerge? Go right ahead. We'll see how many adopts the code. It'll be fine.
Neither. It's a payment platform. Expensive and inefficient but a way of sending fiat through an electronic ledger and reconverted into fiat on the other side.
Yes. It is from 2017, and STILL VALID
Even more so today!
Wonderful video. We are at a crossroads where this information is more valuable than it has ever been.
The greatest interview on gold Iv ever seen. I always re visit this interview both James Turk and grant Williams have a deep understanding on the macro fundamental picture and the gold market.
Great interview....gold is money everything is credit....
Alan Watts mentioned the idea expressed at 53:00 but the bankers had the holdings in an Island and later came to find out that even though the paper trail was neat and tidy, nothing was there to back up the books.
This is from 2017 ?
Yup
The Swiss people rejected gold and now have negative interest rates.
And still among the top 5 highest standards of living in the world..... What does it matter if you can invest when no one has any money any ways?
Don't count on the Swiss to save sound money.
Nuggets from Jim
Banks are extensions of the state
Investment means selling overvalued assets to buy undervalued ones
Great interview. Thanks
@Rory The Red exactly right
@Rory The Red 3 decades? it was fascism that Andrew Jackson temporarily killed
Why so many rewinds....?
Denmark Fidelio Btcoiners needs some education.
@@richardminhle we do, i believe everyone can learn something new, hope you are open to the idea and knowledge of blockchain and crypto
FLCL i invested in BTC at $30 and exited at around $1000 once I had a better understanding of what it is.
FLCL I know all about bitcoin it’s a classic pump and dump. There is zero need for crypto considering gold exist. If you want to use digitalized money than we should be doing it in gold which the guy being interviewed is the owner of gold money which has been around for quite some time doing just that. There is zero benefit to using completely digitalized currency rather than hard money than can easily be digitalized.
I keep hearing gold but no silver, does he feel the same way about silver and maybe platinum, then PM in that order?
@Johnny Askari we would think it'd go without saying but when people like this speak, they say what they mean and mean what they say. I can't make a somewhat assumption of assets he may know that I don't.
My personal ratio target buillion holding is 45% gold 35% Silver 20% Platinum. 10% swing trades with gold to silver ratios, hold platinum.
*Please, buy THETA, Bitcoin Cash and DigiByte before 2020!*
Silver is too easy to find more. Stock to flow ratio too low and all that. We can increase production if the price jumps to push it back down again.
@@stephenpack2202 Gold was king, untill the USA government captured the system and later turned it into fiat currency. The experiment has been ran, the results are in.
December 2022. Fascinating look-back at this one. BTC under $17k, inflation "coming down" at 7%+, and interest rates rising. Gold hasn't won, it's just lost less badly than a lot of other things. Still holds as a good part of diversification.
END THE FED!
Buy bitcoin, bankrupt the fed. No legislative action required.
If we had sound money how exactly would we pay for the endless wars?
IF there was no funding for either side of conflict,what would happen??
Are you running for office!? You’d get my vote
Nice... 2 years old. Thanks for keeping us up to date with current events and trends.
U have to pay for that
How informative James Turk is. What a great interview. Thanks.
Yessss....
5:23 actually money is created out of thin air by ALL fractional-reserve banks, just CB's have no regulatory or prudential limits on how much.
Why so low light, Please brighten up the mood here.
Chitranjan Baghi I disagree baghi the lighting is fine. Please find something else to complain about
@@chrism7275 nothing else to complain, that is all, if anything else comes up I will will let you know
Chitranjan Baghi 🤣👍
I have been reconnected. Thank you.
12:45
Murray N. Rothbard "The Case for a 100 Percent Gold Dollar"
Murray N. Rothbard "What Has Government Done to Our Money?"
Ludwig von Mises "Theory of money and credit"
Charles Holt Carroll "Organization of debt into currency"
Great guess .
Nailed it at 49m20s !
The problem is we think we are buying gold but it is really electronic gold like Bitcoin which isn't real. It is probably one of the main reasons the NSA doesn't share that quantum computer with us.
Jonathan Johnson bitcoin is a free market currency that was pumped and now being dumped. Gold is money. Point black period
Great interview
Wow I miss James Turk!! Two brilliant minds on gold and economics. Can you also get Gordon T Long on? Does remarkable work!
When "Empires of money end"? Please, get it right: fiat paper currency is not the same as real money. You confuse everybody every time you use the word "money" in place of currency.
Nearly all the viewers here know that you mean currency which is inflating and becoming ever more worthless each year.
Central Bank of Germany holds 67% of assets in GOLD right now.
I mean Deutsche Bundesbank of course.
Against their liabilities? Completly meaningless, I do believe.
@@Tenebrousable don't confuse with Deutsche Bank
@@Tenebrousable it is part of their portfolio....
@@dawidw.6016 Yes both have nothing in common
Brilliant interview. The truth
If you don't hold it, you don't hold it.
The US was the several bad reasons why VENEZUELA IS IN ITS PRESENT STATE
Yessss
Explain. Have you been to Venezuela or South America?
@@falakoala4579 No but the CIA and precursers have been there for more than century and destroying democracy and nationalist movements ever since.
Yes the US government is corrupt and will use any means it see's necessary to get what it wants. But to blame the situation in Venezuela soley on the evil Americans is letting the Venezuelan government/corporate class off the hook to easy. Venezuela made some bad decisions and are reaping that harvest.
@@Lee-xb7lb The 'bad decisions' Venezuelans ( like Libyan's , Syrians, Iraqi's , Afghani's , Iranians, Greeks, Haitians , etc etc etc ) was to support leaders like Chavez who had serious flaws but absolutely intended to alliviate the worst suffering of the poor in their countries by ensuring that all the gains from capitalism didn't end up with the 1%. Now of course the US finds ready allies in the corporations and the reactionaries/racist/conservatives in every country that intends to prevent progress so as to ensure their own capacity to keep taking almost all the economic gains.
I understand your larger point that it's out local tyrants that conspire against us with foreigners to keep their class interest well defended but those exist in every society and if the USA did not use it's post war power to crush democracy wherever it could find it billions of lives would have been significantly if not radically better today.
I'm in the same boat now. Lol
It's almost here just got a few more year's. This titanic finds the ice Berg it's been looking for. Best be holding gold and silver and LED 😂 when it does.
a pack of cigarettes is still more expensive than an ounce of silver in Australia , that"s spot against gas station prices
The US almost went hyperinflationary in the 70s.
Gold is hard to exchange for goods. I could see Mercury dimes used as currency but gold isn't easily divisible.
Smart fella
So this guy created Paxos Gold in 1993? Yeah right
Long silver
Fixed supply currency systems like gold and silver fail because they cannot scale up with the economic size and cannot be programmed to control or soften downturns. Why is this failed idea constantly revisited, money/value is a concept created by humans, we can assign it to a piece of paper or tomorrow to a bunch of digits.
By scaling I'm assuming you're talking about the inability To inflate gold and silver in order to drive up asset prices? And by soften a recession I assume you mean the government Bailing out the system so that we don't have to feel the pain of our mal invesment? Yeah those are the reasons why I buy gold. We have rising inflation and falling bond yields. It's a recipe for gold success.
@@nickhohl we dont have rampant inflation as predicted by gold shills. And as long as the debt can be serviced it doesnt matter how much debt you take.
The bailout was handled very poorly, more heads should have dropped and people should have gone to jail. But the system did save it self from a global catastrophic event . Bread lines weren't formed , global commerce wasnt destroyed. You cannot be sooo libertarian in saying that we should have let the world collapse and people suffer. At that point you are arguing to preserve a arbitrary monetary system over people.
@@sass4519 Have you looked at the stock market recently? You're understanding of inflation is flawed. Inflation doesn't necessarily mean rising prices, it can just mean prices don't fall as much as they otherwise would have. Inflation of prices doesn't happen systematically and evenly spread. Inflation only happens when the dollar is in a downtrend. Guess what is happening right now? Core inflation and CPI have both been rising since 2016.
@@sass4519 By not allowing the system to fail we are perpetuating more of the same problems. How can you say we have a strong economy with such levels of debt on an individual corporate and sovereign level? This is a result of artificially low interest rates. If you set the interest rate above or below the market equilibrium you create surplus and shortage of debt. The fed raised interest to 2 and a 1/2 percent and it crashed the stock market because our conomy can't afford to service debt at a mere 2.5%
@@nickhohl Core inflation trend is a blip over the larger timescale. If pumping two rounds of QE didnt do it than i dont know what will.
In my view, most Americans (specially older ones) dont think of one aspect. The US dollar is a global currency with multiple soverign currencies linked to it. I.e. Its networks of value pyramids built over the USD. The US has been successful in moving the world out of gold as its stable value. There are not just $1.5 T circulating in the US but its the trillions USD floating abroad in soverign wealth funds and central banks that gives USD its strength against volatility .Even if the whole US economy hollows out ( which it slowly is ) the dollar will keep strengthening because it is the reserve currency of the *world.
That said every fiat currency does collapse in dur time and i personally do hedge in gold but its a misrepresentation to oversimply how complex USD has become in the globalized financial system, its no longer the american currency. So in short he might be right *but in 50 years*.
MeKha restaurant thank for information.
Gold is Real Money ! Everything else is Fiat !!!
We have a number of PM backed stable coins. What we need now is interoperability between them.
Gold will compete with bitcoin for the future of store of value. Just have to give bitcoin another decade!
By then Bitcoin will be gasping for air. It's unsustainable. By 2040 Bitcoin will be a quaint memory and labeled for what it is: a Ponzi scheme.
@@dlwatib exactly
You and dlwatib have a misunderstanding of BitCoin...I can assure you that neither of you are even close to understanding what BitCoin is and will be in 2040.
@@MrWeatherking Yeah one of the most bullish things about Bitcoin IMO is how misinformed its naysayers are. It's like there's a direct correlation between how much you know about Bitcoin, and the extent to which you see its value.
@@DL-hu9yw The misinformed are not just the naysayers...the misinformed is 99% of the so called "cryptosphere". BTC is not Bitcoin...it is in fact a fork of Bitcoin. BSV is the original Bitcoin....and Craig is Satoshi.
Super interesting until the end. It felt a little Bitcoiny. Gold isn't 💰!
Jonathan Johnson it’s funny all the guys that actually understand markets banking and finance are in gold. All the Technology nerds are in bitcoin. Bitcoin is technology and it is not money. Gold has an inverse relationship to the dollar and bitcoin is not correlated or inversely correlated to anything because it has no fundamental ties to anything related to the monetary system therefore it’s a pure speculative position.
Gold money which was around before bitcoin is everything bitcoin isn’t.
The ironic part is we use some part of technology to buy gold which is how I think it relates to Bitcoin. I think inverse correlations are a little bit discounted right now.
Jonathan Johnson inverse relationships are still in tack gold and bonds still catch a bid as safe havens are looked to.
Lol grown man talking about Atlas Shrugged. Thanks for the laugh lol
*Please, buy THETA, Bitcoin Cash and DigiByte before 2020!*
rarely come back to the channel...content too old. might as well not post - you're destroying your brand.
Really annoying old content from 2017...
Steer clear of his scheme unless you have excess fiat currency that you can afford to lose. Also, there is no anonymity, you still have to lodge personal information so that goldmoney could and would divulge if required to do so. If you wanted to redeem your holdings to take delivery, there is a charge as there is with 'storage'. Call me cynical but either of these arrangements could mean your paying to store nothing or paying for goldmoney to acquire the gold when you want delivery. If your gold holdings are simply a digital entry on a digital inventory, gold money's income could be generated from just running a digital platform. Offer some actual gold for them to store, I did, I wasn't able to make a deposit.