/biz/ - Business & Finance

>>27446615
I was responding to you in the previous thread.

I highly, HIGHLY recommend you watch "Hidden Secrets of Money" by Mike Maloney. It's a 10-part series, but the important ones are the first few episodes, and Episode 7, which deals with inflation and how it happens.

https://www.youtube.com/watch?v=DyV0OfU3-FU

This is a very easy to digest, eye-opening look at how the banking system works and why Gold/Silver are threats to banks.

To answer the question on why Gold has been successful as money for so long, I guess we may never really know. Humans like shiny things, shiny things may have gone back to the days of Sun worship. Mining/panning for gold is a difficult process, so those who have gold can flaunt their wealth. The reality is that Gold is considered a symbol of wealth for over 5000 years, and as actual money for 3000. it's simply traditional, limited, and desirable.

We could make a currency backed on anime figurines for all I care. There's limited supply, which means it takes real resources and labor to produce, instead of pressing a button and doing Ctrl + P to counterfeit 5 trillion dollars.