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.

Catch the full article here-

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