- Last Active
- Member, Administrator, Moderator
@LGJ Speaking as my personal opinion and interpretation money (gold) has intrinsic value and is a store of wealth. Currency, in James Turks words would be a “money substitute.”
For example, a gold coin has intristic value because of the time, energy, labor, and information required to produce it. It is rare and in very scarce supply.
A $100 bill has no intrinsic value whatsoever. It is just a piece of paper and has “value”because we agree that it has value, but there is not much effort in making one and they could be created for infinity. In addition, we can be certain that the $100 will be worth less in the future.
Gold on the other hand, is the only form of money that over long periods of time will hold is value vs. every currency in history (think USD, British pound, Japanese yen, ect)
@tamayok thanks for weighing in here! This was a smashingly good quarter. There are so many exciting things to look forward to here