Gold: Universal Store of Value and a Bright Future as a Currency.
In this report, I cover the early market action from London on Thursday, February 28th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look at how gold has acted as money and a store of value by looking at different coins from around the world and how the present day exchange rates actually evolved from the exchange rates between the coins from various countries around the world.
I also point out that with today's technological advances I think that gold and silver will not only make a comeback as stores of wealth but also as currencies.
In this video, I show the viewer how I actually bought my Latte at Starbucks with less than one gram of gold!
My conclusion is that technology could, in fact, make gold and silver even more efficient currencies than they were prior to the emergence of the present day paper currency system.
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Good morning mario, nice to see billy enjoying his run in the park hope you and family had a good time! yes as you know the silver penny is England's history and culture and in my real bank they shall stay! thanks for the info as usual my friend have a great day :)
Hi Andrew, You are welcome and have a great day as well my friend.
It's golfing you should have done :-D
Given your commentary and interest in Gold backed currency.....perhaps you may care to examine and comment on this https://kinesis.money/documents/translations/kinesis-whitepaper-summary-en.pdf appears to be more flexible and available worldwide that the other gold backed card you reviewed recently? Minimum investment is $1000USD.