GOLD - The True Money

Today, there are over 180 currencies recognized globally by the United Nations. These currencies are regarded as fiat currencies; 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? Gold.
Gold was initially used as currency in the medival ages of ancient Egypt about 500 years ago, which is a system of value based on the weight of gold. Gold possess several features which makes it suitable as a currency.

According to Robert Kiyosaki, gold is regarded as "God's Money" - a real money that can not be faked or produced at will, unlike the fiat currency which he regarded as a "fake"; as the purpose of the government is to protect the banks and not you.

Gold is a true money unlike fiat currencies which should not even be called money in the first place but a currency, yes! You read Right. There are differences between money and currency.

MONEY VS CURRENCY
One of the reasons we are in the financial mess we are today is because people, even the government don't know and recognise the differences between currency and money
A currency is a medium of exchange, a unit of account. It is DURABLE, PORTABLE, DIVISIBLE, AND FUNGIBLE (interchangeable) but the government as the power to print more and more currency , it then to loose it's store of value. But Money on the other hand has all these features plus the storage of value. The reason why gold and silver are the optimum form of money is because of their properties. It's a medium of exchange because they store a large amount of value. Gold is a unit of account as it has the same value all over the world. Gold is durable, the same gold that was traded by the antient Egyptians are still with us today, it doesn't corroded. Gold is very portable, fungible. Above all, Gold is limited in quantity, that is why it has mentianed it's purchasing power over the course of history. Government can not print it at will. Over the years, thousands of currencies not backed up by gold and silver have all gone back to zero.

WHY GOLD WAS PREFERRED AS CURRENCY

Precious of metals such as silver, diamonds, and platinum have been in existence for ages but aren't considered suitable as a currency. Infact silver has once been used as money but it tend to tarnish easily which is not a a perfect feature of a currency. Diamond is a precious metals with high value but cannot be used as currency due to its little practical value; it has no standard value as it's price is set as seen fit. Also diamond does not reserve its value when you cut it in pieces. If you have a diamond worth $500 and you cut it in 2 pieces, the total value of those pieces could be something like $150. Platinum is also valuable but has high melting point of about 2912 fareheit. Therefore making platinum difficult to rreformed into various shapes. And finally we have gold.

-> Here are the reasons why gold was preferred to other medals as a currency;

Gold an be divided into smaller units without loosing any of it's value.

Gold is extremely rare with a limited global stock. Up till date, there are only 1600,500 tonns of gold that have been minted over the course of history. Which is only enough to fill an Olympic-sized swimming pool. This rarity reinforces its value.

Gold does not corroded. It does not tranish or breakdown unlike silver. It tend to exist for a very long time with it's value intact.

Gold can not be distroyed

GOLD STANDARD
In 1944, with the world war coming to an end, allied nation met to create a new financial system that would stablise the world economy after the war. The US dollar was chosen as the world's currency reserve. Under this new system, counties agreed to fix their currency to the US dollar (the US dollar was as good as gold at that time) the dollar would then be directly tied to gold at the price of $35 per ounce. This meant that countries can trade their currency for dollars which can then be exchanged for gold. This created a system which all currencies was essentially backed up by gold.
With all the new spending programs in the United States, countries became concerned that the us was spending more money than it's gold reserve. They started exchanging their dollar fo gold and demanding delivary of physical gold as they feared that there was more dollar being printed than the gold that backed it up. To prevent this ouflow of gold from the US, President Nixon called for an emergency suspension of the gold standard. With currencies no longer backed up by anything tangible, their values was measured only in relation to one another. Countries with relatively weak currencies devalue their currency to make them desirable trading pathners.

INVESTMENT IN GOVERNMENT BONDS - A Ponzi scheme
Investment in fiat currency is through government bonds which is a form of ponzi scheme. Let me explain.
First let me explain what a Ponzi scheme is. Ponzi scheme is a fraudulent investment scheme that promises high return with little or no risk. In a legit investment, money invested is used to build wealth through low risk investment such as stock and real estate which generate money to pay back investors as well a profit. But with Ponzi scheme on the other hand, instead of building wealth with investors money, they get more investors to pay off the initial investors, the cycle goes on and on until no new investors are found not previous investors decides to cash out at the same time. The scheme the crashes with the creator haven taken off enough money invested for themselves, while remaining investors are left out of luck.
This is applicable to government bonds. Lets take the United States government bonds as an example example. When the US government need a Money, it takes it from the federal reserve which prints our required money and given an IOU in return called Government Bonds which are sold to Investors: more like loaning money to the United States Government - a risk free investment. If the money is used to pay off previous debts, where does the government get money to pay previous loans and the Interest charged on it. They take more loans to settle to previous ones therefore accumulating the debt. Sound more like a Ponzi scheme, right?

GOLD INVESTMENT
Since Gold is the true money, wouldn't 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 God's money, which is the true money as well as the true type of financial investment.

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