4min chapter

Tom Bilyeu's Impact Theory cover image

Why Your Money Becomes WORTHLESS & How To Build Wealth In The NEW ECONOMY | Robert Breedlove

Tom Bilyeu's Impact Theory

CHAPTER

The Big Hang Up With Gold Is Lack of Portability

Gold has been used as money for 5,000 years. The big hang up with gold is lack of portability. It's physical and very expensive to secure. So a private enterprise came to be where a warehouse would take custody of the gold. That was introduced to augment the portability of gold. Well, those warehouses became banks. Those banks became central banks. And this is all, again, I'm not laying out a nefarious scheme here. This is the economics, the economies of scale associated with gold.

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