The REAL Reason the World Left the Gold Standard... and Never Went Back

Save
2 years ago
728

Sign up for iTrustCapital and Get $100 of BTC https://itrust.capital/heresy

Gold has served the role, and function of being money for thousands of years.

This is because gold has characteristics that make it perform and function better as money than all its competitors. The difficulty in mining gold and getting it out of the ground meant the supply was limited, keeping inflation in check. It is an easily recognizable color, and its heavy weight and its malleability meant that it was difficult to counterfeit.

The relative scarcity of gold meant that you could store a large amount of wealth in a small space. And finally, the fact that it is impervious to corrosion, rust, decay, to rot, meant that you could store your wealth in gold forever without ever worrying about time ruining your wealth.

Timecodes
0:00 Video Introduction
0:50 The Shift from Gold to Fiat Money
3:22 Trust Issues with Fiat Money
5:18 Trust Issues with Gold Standard
6:02 Counterfeiting in Gold Coins and Debasement of Currency
7:40 Verification of Gold
8:42 The Need for Trust in All Monetary Systems

My Courses:
Get UNLIMITED Access to ALL my Courses: https://heresyfinancial.teachable.com/p/hfu-membership
NEW Options Mastery Course Preorder (Free Portfolio Allocation Bonus Bundle) https://heresyfinancial.teachable.com/p/options-mastery

My Recommended Affiliate Partners:
Monetary Metals https://monetary-metals.com/heresy-financial/
Vaulted https://vaulted.blbvux.net/2rXX47
OneGold (Code Heresy1x) https://bit.ly/3mS6dNo
iTrustCapital (Get $100 of BTC) https://itrust.capital/heresy
Swan Bitcoin (Get $10 of BTC) http://bit.ly/swnhrsy
Ledger http://bit.ly/ldgrwlt
TradingView http://bit.ly/tvchrts
M1 Finance https://m1finance.8bxp97.net/QOKA3P
GroundFloor https://groundfloor-finance.sjv.io/mgRRvy
Fundrise https://fundrise.sjv.io/Ygg2NO

All my socials are @HeresyFinancial
Twitter: https://www.twitter.com/heresyfinancial
Insta: https://www.instagram.com/heresyfinancial
TikTok: https://www.tiktok.com/@heresyfinancial
Reddit: https://www.reddit.com/user/heresyfinancial/
Rumble: https://rumble.com/c/HeresyFinancial

I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.

#GoldStandard #BrettonWoods #FiatStandard

Loading 1 comment...