Gold and silver cannot be printed, and they do not incur large debts!
Since the history of civilization, gold and silver have been used as money by humankind. Even in the 21st century today, people still recognize the value of gold and silver.
What are the characteristics of gold and silver as currency? First, they are physical. They cannot be printed. They also do not run into debt. But the US dollar, the Japanese yen, and the Chinese yuan are different—they can be printed. From the moment they are printed, they already carry all kinds of debts. $XAU
That’s why people have become increasingly resistant to paper money, because it can be manipulated, and very few people notice. The United States is especially fond of manipulating it. They like to live on borrowed money. So people generally dislike these paper bills.
Paper money is printed by the state and is a form of transaction receipt that has no real value. But gold and silver naturally possess value, and they are recognized by people around the world. The wealthy around the world increasingly recognize the value of gold and silver: they are scarce, practical, and precious—and they also have strong industrial attributes. It’s just because they are expensive that people are reluctant to use them. Meanwhile, our paper currency is passively accepted!
Since the history of civilization, gold and silver have been used as money by humankind. Even in the 21st century today, people still recognize the value of gold and silver.
What are the characteristics of gold and silver as currency? First, they are physical. They cannot be printed. They also do not run into debt. But the US dollar, the Japanese yen, and the Chinese yuan are different—they can be printed. From the moment they are printed, they already carry all kinds of debts. $XAU
That’s why people have become increasingly resistant to paper money, because it can be manipulated, and very few people notice. The United States is especially fond of manipulating it. They like to live on borrowed money. So people generally dislike these paper bills.
Paper money is printed by the state and is a form of transaction receipt that has no real value. But gold and silver naturally possess value, and they are recognized by people around the world. The wealthy around the world increasingly recognize the value of gold and silver: they are scarce, practical, and precious—and they also have strong industrial attributes. It’s just because they are expensive that people are reluctant to use them. Meanwhile, our paper currency is passively accepted!
