> Gold is money, which is based on physical ownership, not on trust in the willingness and ability of another party to honor their promises. If you have gold, but you do not have it under your control, it is almost pointless to have gold.
Really digging this one. That's why I proactively not listen to investors/consultants who suggest to buy some gold derivates for savety purposes.
In other regards: What's the point of the author? That's how the "king's peace" works since forever. Having the biggest stick and control over the valuable stuff makes you the king. And as long as you provide a stable leadership live of people is mostly peaceful. That's why people are willing to accept this trade. It's unfair but we actually want it that way. And what should the others do? Say "yeah, we totally accept that he has us by the balls"? No they act like it would be their decision so that they also keep some of their own power.
It seems the author is smart enough to know all this, so seriously: What's he attempting to achieve here?
Really digging this one. That's why I proactively not listen to investors/consultants who suggest to buy some gold derivates for savety purposes.
In other regards: What's the point of the author? That's how the "king's peace" works since forever. Having the biggest stick and control over the valuable stuff makes you the king. And as long as you provide a stable leadership live of people is mostly peaceful. That's why people are willing to accept this trade. It's unfair but we actually want it that way. And what should the others do? Say "yeah, we totally accept that he has us by the balls"? No they act like it would be their decision so that they also keep some of their own power.
It seems the author is smart enough to know all this, so seriously: What's he attempting to achieve here?