If you knew the whole story you would know that he manufactured many many tokens of an astroturfed crypto called FTXcoin (or something or other), fake-sold them to a child company then did more jew-magic to artificially increase the parent company's valuation.
Gold is basically infinite. It's not a store of wealth because of its rarity, it's a store of wealth because it's metal (doesn't decay), and fungible.
The price of gold is based on market forces and nothing else. When gold is expensive, they dig up more of it and it becomes less expensive. When it's cheap, they don't dig it up, limiting it's supply. It's all manipulated.
If we "lose electricity", gold is not going to save you. It's not a currency either. It's a store of wealth and requires basic civilization to hold value. This is why the natives didn't place much value on it. They much rather would have beads, whiskey, ammo, and textiles. The same will be true in any collapse. I'll be richer than you with ammo, salt, and bic lighters than you will with your "gold".
Gold is basically infinite. It's not a store of wealth because of its rarity, it's a store of wealth because it's metal (doesn't decay), and fungible.
The price of gold is based on market forces and nothing else. When gold is expensive, they dig up more of it and it becomes less expensive. When it's cheap, they don't dig it up, limiting it's supply. It's all manipulated.
If we "lose electricity", gold is not going to save you. It's not a currency either. It's a store of wealth and requires basic civilization to hold value. This is why the natives didn't place much value on it. They much rather would have beads, whiskey, ammo, and textiles. The same will be true in any collapse. I'll be richer than you with ammo, salt, and bic lighters than you will with your "gold".