Gold is the best money and savings we had for thousands of years. Immensely important. but it is a rock and has it's faults. Some risks of gold listed below ..some food for thought:
Gold is costly to secure and at risk of plunder or seizure. Gold has been confiscated and or made illegal by almost every civilization including the United states (FDR 1933-1974) and could happen any time for "national security". It's impossible to move a lot of gold without massive fees and risk. If it moves across a border historical and current law implies at least a 30% tax just for moving your savings to a new jurisdiction. Divisibility is an issue. Can you buy a taco or coffee with your gold? How do they verify it's gold? Is all of china's gold real? Is any governments gold real? How much has been audited? Does your gold just have tungsten mixed into it or somewhere inside of it? How can I know for sure?
The threat of violence and cost of security leads common sense to trust third parties. This historically has always led to centralization. Which leads to theft, fractional reserve banks, and authoritarian rule Gold is highly centralized by governments/banks and mining is highly Centralized and captured.
Gold is a spoil of war. Gold incentives plunder and barbarianism where the victors of war rules the world.
Sound money is absolutely critical for humanity and gold was the best we had. It was hard to counterfeit and its highly durable. Having gold was wealth no one could arbitrarily make more of, no one could alter it or censor it, gold was important for humanity. But it has incentivized war and plunder for thousands of years.
The struggle for human rights for the individual through history is incredible. Gold was a big part of that.
Currently there is unstoppable, unalterable, unconfiscatable money. Revolutionary freedom technology.
Through remembering 12 words any person on earth can have a free savings account and sovereign immutable money. It's called Bitcoin, please study it, be curious, learn why and how it's important and useful.
#Bitcoin is the separation of money and state, one of the most important inventions in human history
Corbin
npub1vr…vf0fw
2024-05-10 18:53:14
Author Public Key
npub1vrewakwqfq2p233aj7veyz0kr46zj4evzhvfw8p34wypy6tzey8skvf0fwPublished at
2024-05-10 18:53:14Event JSON
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"content": "Gold is the best money and savings we had for thousands of years. Immensely important. but it is a rock and has it's faults. Some risks of gold listed below ..some food for thought:\n\nGold is costly to secure and at risk of plunder or seizure. Gold has been confiscated and or made illegal by almost every civilization including the United states (FDR 1933-1974) and could happen any time for \"national security\". It's impossible to move a lot of gold without massive fees and risk. If it moves across a border historical and current law implies at least a 30% tax just for moving your savings to a new jurisdiction. Divisibility is an issue. Can you buy a taco or coffee with your gold? How do they verify it's gold? Is all of china's gold real? Is any governments gold real? How much has been audited? Does your gold just have tungsten mixed into it or somewhere inside of it? How can I know for sure? \n\nThe threat of violence and cost of security leads common sense to trust third parties. This historically has always led to centralization. Which leads to theft, fractional reserve banks, and authoritarian rule Gold is highly centralized by governments/banks and mining is highly Centralized and captured.\n\nGold is a spoil of war. Gold incentives plunder and barbarianism where the victors of war rules the world.\n\nSound money is absolutely critical for humanity and gold was the best we had. It was hard to counterfeit and its highly durable. Having gold was wealth no one could arbitrarily make more of, no one could alter it or censor it, gold was important for humanity. But it has incentivized war and plunder for thousands of years.\n\nThe struggle for human rights for the individual through history is incredible. Gold was a big part of that.\n\nCurrently there is unstoppable, unalterable, unconfiscatable money. Revolutionary freedom technology.\n\nThrough remembering 12 words any person on earth can have a free savings account and sovereign immutable money. It's called Bitcoin, please study it, be curious, learn why and how it's important and useful.\n\n#Bitcoin is the separation of money and state, one of the most important inventions in human history",
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