Bitcoin arrived, and suddenly, everyone is pondering the question, 'What is money?' Is gold money, if the market is manipulated or rigged? How does gold keep up with inflation, if the price is held back? 'Paper gold' sops up all the demand for gold and if the supply of 'paper gold' is infinite, can this be used to keep the price of gold low? Did you have Econ 101? What happens to price when the supply is abundant or infinite? You can pick any price you want for gold and those who put out paper gold can achieve that price! Therefore, the price of gold is an arbitrary number that is achieved through market manipulation and rigging of the gold price! Now you see why I say that the days of gold as money are over! If you are ready for an hour long discussion of gold, as money, this is the video for you!
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