GOLD - The Future of Money

Our central banks which were largely to blame for the crisis of 2008 and 2011 are now being criticized from every side. As a result of the currencies the Grunty are likewise called into question. And those same currencies are issued in part by the credit facilities that are the private banks, behind which is a system of fractional reserves. And that means, as of today our currencies are based solely on one the trust we have in our governments and private banks, and to our future capacity to work and repay our debt, which is a lot to believe in.

And yet, this model is still the bedrock of today's economical and financial system, but a system utilizing crypto that decides to be backed by full counterpart in order to cover its uses deposits in the form of a tangible, physical in age old asset like gold, now that's a project which completely satisfies the expectations we have of a valid sustainable exchange currency. Today, there are over 180 fiat currencies recognized globally by the United Nations. which are currencies backed up by nothing tangible but government promises. More like a political decree driven by confidence of the masses in the government and demand and supply of the economy. This is money is regarded as fake money. If the currency we all spend today is a fake, what then is the true money?

Let's consider how Aristotle saw money. According to him, it is defined by three functions is a unit of accounts, a store of value and a medium of exchange.

Money as a Unit of account
Central banks will tell us that in the world, very few prices are expressed in gold Bitcoin or any other cryptocurrency. Well a crypto enthusiast might say that more bitcoin is used these days than the Gibraltar crowns for example, even though the ladder is recognized as the official currency in the country. And the golden enthusiast might argue the same thing with even more ease as the 171,000 tons of gold available in the world today are worth more than 7 trillion US dollars, and gold trading in nearly represents $100 billion, changing hands every day on the London and New York Stock Exchanges

Money as a medium of exchange
Individuals being hostile to crypto would say that current cryptocurrencies are too volatile, that they are hard to use for everyday payments and we're still that their transaction fees are too high compared to traditional currencies, and that as they would say, excludes them from aspiring to be the media of any exchange. At the end of the day this is kind of laughable, if you take into consideration what drove the creation of Bitcoin, which is to be a decentralized exchange technology.

Here cryptocurrency fans might retort that Bitcoin is not as volatile as the Argentinian pestle and clearly less so than the Venezuelan Bulevar, even though those are currencies of sovereign states. And by the way it should be noted that just 10 years ago, as well it was still one of the richest countries in the world. It even created a state cryptocurrency the petro in an attempt to restore trust in the national monetary system, and boost the economy.
Now let's imagine for a second that cryptocurrency volatility is indeed a problem, well in that case, who could argue against the everlasting stability of gold, and including in the form of a stable coin which follows its international price, because in general, gold can still purchase the same quantity of things today as in the 1970s. Although the US dollar lost 97% of its value over the same period as fees, do you really think our fiat currencies like the euro or the dollar are really free. Well, absolutely not. There is no financial transaction which comes without direct or indirect fees, and with fiat currencies. These fees are linked to the award of credits

Money as a store of value
On the subject, private banks and central banks will argue that crypto assets come from computing power, and then they have no real underlying assets. Well that argument is indeed very understandable in itself, but it's not really relevant, because the banks are suggesting that euros and dollars are still backed by gold because unless we're mistaken. Our banknotes and coins have no intrinsic value and at any rate, they only represent a minority of the money supply today. So what exactly are the euro and the dollar. Well, for the most part, deposits are simply made up of credit.
In short, our national currencies have all followed the same rules since the Jamaica Accords in the 1970s. They are backed by our future work. So one might say that in respect of real underlying assets, gold easily comes out first as the customary practice today's price is set by the worlds of industry and jewelry. Well Bitcoin isn't so far behind since its value is backed by work computational work. Yes, but work which has already been done, the so called mining that our debt based money loses by comparison, because it is only backed by future work, which hasn't been done yet. And we'd all certainly hope that future work will come to pass.

Accounting Principles, tell us that the prudence concept requires the recording of unrealized capital losses and prohibits the same for unrealized capital gains in assigning value to our national currencies based on future work. We've had a monetary system which, for the past 50 years, has not applied the accounting rules, which are self applied by any serious company.
Yet the central banks want to give the cryptocurrencies, a lecture or still a lecture on gold, which they buy in tremendous quantities at the same time. Well, to us, then the central bank's remarks about the store of value. It's like listening to a pyromaniac firefighter detractors claim that real currency is necessarily issued by state, which is a false statement. A real currency is a currency which is recognized as such for everyday uses as a result of the trust that it inspires and the past has shown that industrialists and small private banks are able to issue currencies which can surpass all the rest, and particularly in the case of failing public authorities. In fact, our monetary memory seems to be limited to the last seven years, despite the fact that many inventions were successfully tested out and before our current monetary system began to completely slide out of control.

Invest in gold today and be a part of the future
Since Gold is the true money, wouldn't it be wise to Invest in it? Gold's greatest feature is it's storage of intrinsic value despite of the condition of the economy. The amazing thing is that it even tends to do extremely well when there is a decline in economy. During times of economic crises, gold investors are ways at the right side of the economy. You don't have to put all your Investment in Gold. You can go for other other financial Investments like stock and real estate which is known to give quick return due to his volatility, but the place of gold in diversification of portfolio can not be undermined.

Most investors would say that physical gold is the the best form of gold to Invest in. How about a cryptocurrency backed up by 100% pure physical gold - just like the time of the gold standard, only that this time the gold is not stored in the federal reserve of the United States but in a heavily fortified secure vault in Singapore, BULLION STAR VAULT.
This cryptocurrency currency is known as GOLD TOKEN created by the digital gold platform. This is the easiest way to invest in Gold. Check out the token here https://gold.storage

DIGITAL GOLD PLATFORM - Digitalization of physical gold via the blockchain technology

When you hear cryptocurrency, the first nothing that comes to mind is the Blockchain technology. Yes! This token is integrated by the blockchain technology. Blockchain being one of the best technology of this generation is being leveraged in the digitalization of Gold.

The blockchain network is decentralized. This gets rid of a central authority. This promotes security and trust.

GOLD COIN MARKETPLACE
You can purchase the GOLD token here now!
https://gold.storage/market

CONCLUSION
If I were you, I'll invest in the future money!
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