WiM044 - The Saylor Series | Episode 10 | The Death of Gold
The "What is Money?" Show
00:00
The Security Cost of Moving Gold Everyday
If i wanted to move a billion dollars of gold every of the week for 365 days in a row, a thousand miles, ih figure out the security cost of that, right? The conclusion is this money is so heavy, it has no velocity. It goes into fort knox, it sits there for 30 years, and nobody audits it. And under that circumstance, you can almost lude yourself into saying it's secure. But it's only secure because there's no money velocity and there's no distribution. If i wanted to give gold to eight billion people and wanted to move it every day, then the cost of the security would go up to consume all the energy that humanity produces
Transcript
Play full episode
