Gold: Nature’s Money

Many people are under the impression that gold is nature’s money. But in reality, there is much more to gold than that. There is Alchemy involved, and the use of Ancient medicine in its production. These three aspects combine to make gold a money that is hard to counterfeit. Read on to learn more about the uses of gold.

Cash

Gold is nature’s money and it has been used as such for thousands of years. It has been used for currency and as a store of value by almost every culture. Its history shows that it can be a better option than any other form of money. Furthermore, it’s a proven safe and reliable form of investment. Unlike bitcoin, gold is in a class all its own. You can get the same value for an ounce of gold today as you would for oil seventy years ago.

Unlike other currencies, gold doesn’t require a central bank or a government to manage it. Profitable mining of gold keeps its stock constant. It also preserves its purchasing power over time. Moreover, unlike national currencies, gold does not face counterparty risk and inflationary problems.

Gold

The use of real gold as money fosters a natural merit-based system of cooperation. Human toil is rewarded in gold, which is distributed among cooperative nodes that produce primary surpluses of metabolic energy. Because people earn gold through their labor, they have bargaining power when allocating it.

Gold has long been recognized as money par excellence. As a result, it functions as a great tool to promote economic development and stability. However, this traditional use of gold has declined as the global economy has turned towards abstract fiat currencies. Consequently, world economies have been plagued with unprecedented levels of volatility and inflation.

Alchemy

Gold is the singular embodiment of metabolic energy manifested in objective weight. It has long been the natural form of money. It has been used since the time of the Sumerian civilization, around 2700 B.C., and it was the currency of most human cooperative systems until 1971, when President Richard Nixon suspended the convertibility of the United States Dollar to gold.

Gold as money fosters a natural merit-based system of cooperation. It distributes rewards to cooperative nodes that produce primary surpluses of metabolic energy and work most efficiently with nature to produce those surpluses. Those who earn gold also possess bargaining power when allocating it to other members of the collective.

Ancient medicine

Gold is nature’s money, and its medicinal value goes back a long way. Certain gold salts are still used today in medicine. They are believed to help relieve inflammation. Many ancient medicines were based on these natural remedies. Here are a few examples. Some of them have religious value.

Quantifiable

Gold is nature’s money and is the ultimate form of currency. Before it became money, it was just a commodity, a universal equivalent. This ability to serve as a universal equivalent allowed it to monopolize the exchange value expression for commodities. In the process, gold began to assume its role as money, distinct from form C, and a form that would have value in and of itself.