For something to qualify as “money”, as per the technical definition, it must have the following six properties:
Today’s fiat currency does not meet the prerequisites of being limited in supply, or requiring energy to produce, and hence cannot technically qualify as money.
As Gold has all six properties - it has appropriately acted as real money, for thousands of years.
However, with gold’s limitations in the areas of portability and divisibility - the traditional role of currency, backed by gold - was to help in these areas. Currency - being inextricably linked to gold - would impart divisibility and portability to the physical gold holdings, while gold would impart the properties of money - onto the individual currency units.
However, after the gold standard ended - gold and dollars became disjointed. This meant dollars were no longer money - and physical gold’s divisibility and portability was seriously hampered.
In a hyper-digital and globalised age, this limited gold’s day-to-day usability as money - and has led to 92 years of the world reeling from the ramifications, of moving away from God’s money - namely inflation, wealth inequality and corruption.
We do not know if governments will ever return to using real money. However, if we could provide the divisibility and portability to gold - that currency units once did - without the need for government involvement - we could return to a gold standard of perfect money.
Using today’s digital Blockchain technology - we can link the immutable value layer on the internet - with physical gold.
Tokenised, digital, immutable, divisible units on a blockchain - each backed 1:1 by physical gold - can play the role that dollars once did - empowering real money to reach the masses, on a global scale.
In a world where we can link secure digital units - with physical gold’s intrinsic monetary properties - do we need to wait for governments to uncharacteristically do the right thing?
This intersection of gold and technology presents us with a sovereign opportunity - to return to a gold standard - on a grassroots level, without the need for government involvement.
While many argue about the merits of gold vs blockchain technology - perhaps the true solution is a collaboration between the two - to bring power, wealth and sovereignty - back to the masses.
Experience the Future of Precious Metals Investment with Gold Standard (AUS) & Silver Standard (AGS):
Available on platforms like Ainslie Crypto, CoinSpot, and MRHB DeFi, AUS and AGS offer a solid foundation for your digital currency investments.
Stay up to date with our gold and
silver news and pricing.