Gold, psychology, and society
If the modern paper-money economy were to collapse, we would fall back to gold.
- People need to find ways of working together, which leads us to find ways of exchanging goods and services.
- Gold is the logical choice of this exchange as it is one of the only substances on earth will the right qualities for the job.
- If society agrees to turn gold into coins into a system of exchange, then gold coins would instantly assume value.
That means that gold will always have value in difficult and in good times.
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