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Gold's Amazing Shiny Future in the Digital Age! 💩
In this video, we discuss the Missouri Senate's bill to make gold and silver legal tender, in the context of 21st century money and the previous failure of the gold standard.
Physical gold is a technologically backwards solution to the problem of money. Like gold, ₿itcoin is a bearer asset with no counter-party risk. Unlike gold, ₿itcoin is easy to move around, store, verify, divide, and hide.
The price of gold has been stagnant for over a decade, as ₿itcoin continues to steal market share from it.
The younger generations have zero interest in shiny yellow rocks, but they are instinctively drawn to crypto and other tokens. My goal is to make sure that they understand the differences between "crypto" (fool's gold) and ₿itcoin (the real thing).
Gold is a useful industrial commodity, but it will fall 90% when it loses its monetary premium.
Central banks like to HODL gold, but this is more for legacy reasons. Their long-term holdings of US Treasuries should demonstrate that following their investments is not a path to good returns.
If you like and understand gold, you should be doing a serious deep dive into ₿itcoin, which is essentially digital gold.
Consider moving 1% of your portfolio into ₿itcoin as a hedge against your own ignorance. There will be very high costs associated with missing out on the transition to a ₿itcoin standard.
Missouri Senate trying to make gold and silver legal tender:
https://blog.tenthamendmentcenter.com/2023/02/missouri-senate-passes-bill-that-would-take-steps-toward-treating-gold-and-silver-as-money/
https://twitter.com/RalphLindy1/status/1626808747300364288
https://www.senate.mo.gov/23info/BTS_Web/Bill.aspx?SessionType=R&BillID=44521
Can You Actually Buy Anything With ₿itcoin?
https://www.youtube.com/watch?v=WfCLHbt6vtU&ab_channel=TraderUniversity
Map of ₿itcoin merchants:
https://btcmap.org/map
Gen Z has a problem with gold:
https://www.livemint.com/money/personal-finance/gen-z-has-a-problem-with-gold-wgc-study-11573655003711.html
WGC aims to change the perception of Gen Z about gold jewelry:
https://www.freepressjournal.in/brandsutra/wgc-aims-to-change-the-perception-of-gen-z-about-gold-jewellery-arti-saxena
Peter Schiff perpetually wrong about ₿itcoin:
https://pbs.twimg.com/media/EoJ-ANhXIAAQZAd.jpg
Why Gold And Silver Are Much Worse Than ₿itcoin:
https://www.youtube.com/watch?v=oREAKMt2SJA&ab_channel=TraderUniversity
Is Gold A Better Store Of Value Than ₿itcoin?
https://www.youtube.com/watch?v=OTmbtuvx_NE&ab_channel=TraderUniversity
Original Video by Trader University: https://www.youtube.com/watch?v=XQ2uy_m0o9c
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