Do You Know This About Gold Backed Currencies?

Why Gold-Backed Currencies Won't Work Today

Gold has been a long-time basis for our currency, but why won't it work today? It's a two-fold issue: the cost of production and the availability. As inflation increases, so does the cost of production, making it unfeasible to back our money with gold.

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*DISCLAIMER: This video is not to be interpreted as financial advice. I am not a financial advisor, and this content is purely for entertainment purposes only. ALWAYS do your own research✌️ & 🫶 #xrp #ripple #bitcoin #solana #atom #qnt #quant #cosmos #hbar #hedera #shorts #reels #tiktok #cryptok #crypto #web3 #cryptocurrencies #cryptocurrency #investing #algo #algorand #mana #sand #metaverse #meta #chainlink #link #polygon #ethereum #btc #cryptonews #bitcoinnews #fyp #gold #money #currency #inflation #cost #availability #financialsystem #entropy #value #blowthisup #easter #booktok #estalandoosdedos #mydolcemoment #gym #gymtok #real #makeup #diy #grwm #fitness #lifestyle #jesuslovesyou #relationship #wheneverwherever #pesopluma #TrendTok #TrendTokApp