GOLD’S NOT DEAD!

“Punk is not dead. Punk will only die when corporations can exploit and mass produce it.” - Jello Biafra

“Gold’s not dead!” - Josh Crumb

“Punk’s Not Dead” became a rallying cry in the 80’s to emphasize that the punk scene was a passionate group who wouldn’t fade away so easy with the passing trends of music and cultural taste.

Mr. Biafra waxes poetically and accurately that punk could only be killed off by corporations that could mass produce it to oblivion.

“Gold’s not dead!” was a reminder from Goldmoney co-founder Josh Crumb.

Fortunately, not even mining companies could kill gold by mass production because of the cost and energy to bring gold out of the ground.

Image source: www.shutterstock.com

Josh says: “ Gold is simply a liquid real-asset with no time decay, no real cost of carry and no counter-party risk, yet it is scarce, has great elemental utility and an energy-intensive replacement cost.”
https://www.goldmoney.com/research/goldmoney-insights/inverted-asymmetry-gold-price-outlook

My interpretation of replacement cost means exploring, drilling, discovering, employing, building a mine, input costs such as oil and labor.... All of these make it very difficult to produce gold.

To put an exclamation point on this, we decided that we would get serious and produce a t-shirt with the sentiment.

While finanical news is flooded with information about cryptocurrencies (and as I have repeatedly stated there is nothing wrong with speculating on crypto) gold is without a doubt not dead!

To hold bitcoin in the most secure way possible, check out:

https://www.goldmoney.com/holding-cryptocurrencies

Gold protects your savings like no other vehicle. This is proven historically over and over. My favorite article of Josh’s is where he explains the technology of money from the perspective of Marty Mcfly of the classic movie “Back to the Future.” (And I swear Josh is building a flux capacitor).

You cannot miss this article. Read it to find out why Gold’s Not Dead! https://www.goldmoney.com/research/goldmoney-insights/savingstech-back-to-the-future-edition

In this post fiat, post crypto world, it is important to keep perspective. We can speculate on crypto and other assets, but let’s not forget what money is and what money has been for thousands of years.

We can fortify our portfolios while enjoying Its beauty.

We can protect our savings while reveling in its power.

We can ringfence our accumulated wealth while celebrating its history.

Lets all shout together!!

Thanks for this inspiration Josh!!! <——— @joshcrumb on Twitter

Thanks for reading everyone!

For Mene 24k investment jewelry: http://Mene.com/invite/JrT26p

Goldmatters

To find out more about what Menē 24 karat gold and platinum investment jewelry is from your fellow Steemians :
https://steemit.com/steemit/@goldmatters/what-in-the-world-is-mene24k-35-well-researched-blog-style-essays-contest-winners

To find out more about what Goldmoney is from your fellow Steemians : https://steemit.com/contest/@goldmatters/what-in-the-world-s-goldmoney-winners

To sign up for a Goldmoney Holding start here: https://www.goldmoney.com/w/goldmatters

For Mene 24k investment jewelry here: http://Mene.com/invite/JrT26p

I am on a personal mission to spread the word about Goldmoney and Menē through any means necessary. Goldmoney allows individuals to empower themselves by protecting their savings by owning small or large amounts gold previously inaccessible to regular people like you and me.

Read more about Goldmoney: https://steemit.com/@goldmatters