Dominic Frisby has a great new article out in Moneyweek the UK’s best-selling financial magazine.
He slams paper currency and talks up digital gold a bit.
Here is a quote:
But that doesn’t mean gold won’t be used again as a medium of exchange. Digital gold currencies – where ownership of gold safely stored in vaults is transferred digitally, just as ordinary fiat-money transactions take place today – are already starting to be used across the net. In theory at least, digital gold has the potential to become as good a form of exchange as any other digital currency.
So gold has re-emerged as a reliable store of wealth. And it is starting to re-emerge as a currency. It’s certainly not impossible – in fact to my mind it’s probable – that it will eventually regain some kind of ‘official’ currency status at some stage.