The real question is not whether agreement exists, but how durable it is under pressure.
Fiat currency functions because people trust governments and central banks to preserve purchasing power. History shows that trust rises and falls.
Gold and silver do not depend on policy credibility. They are not someone else’s liability. For thousands of years, across different civilizations, they have been selected again and again as stores of value when confidence in paper weakens.
When monetary systems are stable, fiat dominates everyday transactions. When they are not, capital moves toward assets without counterparty risk.
That is not ideology. It is historical pattern recognition.
Currency is based on agreement, but gold and silver are inherently valuable. This is ingrained in human consciousness. Robert Kiyosaki called gold and silver "God's money." Mike Maloney always makes sure to differentiate between currency and money (dollars versus gold and silver). Civilizations may use whatever currency their governments create because it's what the legal system requires, but the universe has a law beyond the paper world that was created by man to take power over other men. In the paper world, man creates counterfeit "money" to cheat his brother. In the real world, gold and silver have always been money, and this is built into the constitution of the universe.
I don't want to bet on silver going to $200.
“Gold and silver are money”
Only as long as there is agreement.
John, all money is based on agreement.
The real question is not whether agreement exists, but how durable it is under pressure.
Fiat currency functions because people trust governments and central banks to preserve purchasing power. History shows that trust rises and falls.
Gold and silver do not depend on policy credibility. They are not someone else’s liability. For thousands of years, across different civilizations, they have been selected again and again as stores of value when confidence in paper weakens.
When monetary systems are stable, fiat dominates everyday transactions. When they are not, capital moves toward assets without counterparty risk.
That is not ideology. It is historical pattern recognition.
Currency is based on agreement, but gold and silver are inherently valuable. This is ingrained in human consciousness. Robert Kiyosaki called gold and silver "God's money." Mike Maloney always makes sure to differentiate between currency and money (dollars versus gold and silver). Civilizations may use whatever currency their governments create because it's what the legal system requires, but the universe has a law beyond the paper world that was created by man to take power over other men. In the paper world, man creates counterfeit "money" to cheat his brother. In the real world, gold and silver have always been money, and this is built into the constitution of the universe.