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WiM044 - The Saylor Series | Episode 10 | The Death of Gold
The "What is Money?" Show
The Core Problem With Gold Is Its Physicality
Gold is vulnerable to confiscation because it's a bearer asset. Whoever possesses the gold is presumed to be its rightful holder, right? It just doesn't hold up to our ideal standard of money. The central bank has been completely unmoored from gold for 50 years as a result. We've always corrupted the system on which we have created currency.
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