Tuesday , April 13 2021
Home / Claudio Grass / Gold is the money of the kings. Silver is the money of the bourgeoisie. Fiat is the money of the slaves.

Gold is the money of the kings. Silver is the money of the bourgeoisie. Fiat is the money of the slaves.

Summary:
Gold has been used as money (or a store of value) for thousands of years. It’s always been valuable to humans, for some reason, and it’s withstood everything history has thrown at it. Silver too. Fiat money is what we use today. It’s essentially money created out of thin air, on a spreadsheet, by banks and the government via monetary policy, and it has absolutely nothing backing it. This is why currencies come and go, such as the Zim Dollar which lasted a few decades. Bitcoin is an interesting spanner in the wheel, mind you, and it’s one about which precious metals consultant Claudio Grass has mixed views. For good reason; cryptocurrency is very new and is invisible. It’s nothing more than computer code dependent on electricity and an internet connection. But, like

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Gold has been used as money (or a store of value) for thousands of years. It’s always been valuable to humans, for some reason, and it’s withstood everything history has thrown at it.

Silver too.

Fiat money is what we use today. It’s essentially money created out of thin air, on a spreadsheet, by banks and the government via monetary policy, and it has absolutely nothing backing it. This is why currencies come and go, such as the Zim Dollar which lasted a few decades.

Bitcoin is an interesting spanner in the wheel, mind you, and it’s one about which precious metals consultant Claudio Grass has mixed views. For good reason; cryptocurrency is very new and is invisible. It’s nothing more than computer code dependent on electricity and an internet connection.

But, like Bitcoin, gold and silver have something special about them.

They exist outside of the central banking system. They represent a type of independence; a kind of sovereignty.

I find that appealing.

Claudio joined me for a conversation about all of this.

To listen and watch the interview click on the below link.

https://jermwarfare.com/blog/gold-is-real-money-claudio-grass

Claudio Grass
Claudio Grass is a passionate advocate of free-market thinking and libertarian philosophy. Following the teachings of the Austrian School of Economics he is convinced that sound money and human freedom are inextricably linked to each other. He is one of the founders of GoldAndLiberty.com.

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