Is gold worthless?

In my opinion the only reason to buy gold is if you expect the fiat monetary system to fail. In regards to buying gold as an investment personally I don’t see or look at gold as a safe investment. Even when we as a civilized group of individuals used gold as money it really wasn’t that stable. All the mighty empires fell because of gold. If you want to build a country the most important thing you must do is control your money supply. Countries before this tried to do this by creating notes that we’re pegged to gold and silver. This never worked because at the end of the day Gold and silver we’re the rulers, so if you wanted to wage a war against a country all you needed to do was wipe the country clean of its gold and silver.

Controlling your money supply with fiat money

You cannot wipe a country out by stealing it’s fiat money, The creation of fiat money basically means that a country can monitor where it’s money is going. Under a gold standard system this can’t happen. I know many of you reading this have been watching fox news, or watching youtube video’s and this and that but the truth of the matter is that most of these people and corporations telling you to invest in gold and silver are not telling you the whole story. The more people buy gold the more the price of gold goes up. But you want to hear the funny thing about gold? Our current world is based on consumption gold as it stands now is not consumed its hoarded the dig it up from the ground and then they throw it in a safe.

Gold is Hoarded not consumed gold is taxed at 28% when u sell it

The truth is that the only reason the price of gold is going up is because people keep buying it. But what people buying gold don’t seem to understand is that gold is taxed at 28% when u sell it. The government hates it when you buy gold, gold like its done throughout history is the major cause of the destruction of great nations. The only thing making gold prices go up is propaganda. Market crashes happen all the time booms and busts happen all the time it’s the nature of things if you live in a tropical environment the downside to that is drought and hurricanes, well if you transfer that into the developed world the downside is there will booms and there will be busts.

Don’t fall for fools gold. Oil is the new gold and in time I think natural gas will be the oil unless you expect economic collapse don’t buy gold and if you do buy gold it’s probably a better idea to buy guns with ammunition first because people do and will get robbed for their gold.

For the record I do not give financial advice and what you’re ready is based on my opinion please leave your comments below