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MrEkzotic
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Comments by "MrEkzotic" (@MrEkzotic) on "Elon Musk urged to audit US gold reserves" video.
@FosterTravis1071 There is a lot more gold that hasn't yet been mined.
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@seasonedbeefs Agreed. And Greenland has a lot of natural resources than the left doesn't want us to have.
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@EdwardOtero-p8c There are other assets that could be used to back currency.
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@promethiac2641 Tangible assets and faith are two different stores of value.
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@promethiac2641 Gold takes effort to mine, it is in demand, it is used across many Industries, it cannot be destroyed or created. This is intrinsic value, not faith based value.
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@C-Zar-r1l Yes, you are correct. That can dissolve gold and other metals. Thank you for the correction.
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@EdwardOtero-p8c I agree. Thank you and have a great day. 👍
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The gold is gone. Donald Trump used it all. 🤣
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@EdwardOtero-p8c That's true, but there are solutions, for example, like a hybrid system, where the dollar is backed by multiple tangible value stores. It could be backed by other metals, land, commodities, etc.
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@EdwardOtero-p8c That's true, but there are solutions, for example, a hybrid system.
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@EdwardOtero-p8c Land, commodities, other precious metals, revenue generating infrastructure.
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@promethiac2641 Faith and tangible assets are two very different stores of value. Of course, we agree that gold (and other metals) is worth something because it is relatively rare, it takes work to mine, and it's highly in demand; and we agree on that value for objective reasons.
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@EdwardOtero-p8c Land, commodities, other metals.
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@abegiesbrecht1148 Our debt would be much smaller and we would have avoided reckless global spending.
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@EdwardOtero-p8c I'm already too educated. I would be more than happy to explain my well researched opinions in detail, however, YT often deletes my comments.
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