Intricacies of The Gold Standard | The Twilight of Gold Series | Episode 6 (WiM153)
The "What is Money?" Show
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What Is Rigt?
Gold is a product that has to go through many stages before it's ultimately satisfying market demand and being converted to money, basically. Something that maps the satisfaction of contractoal conditions against the release of funds. And you're essentially token bots, essentially tokenizing yet they're their product,. But if if they're willing o take a slight percentage lost, because these notes of exchange didn't trade at par. They traded usually at like six%.
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