Gold is Money

Have you ever noticed that the rich are constantly getting richer, no matter the circumstances? How are they doing this exactly? Well, it appears the main reason for the rich getting richer is a phenomenon known as the Cantillon effect, which basically states that money printing will benefit certain parts of the economy more than others. In fact, it will give some people more purchasing power at the expense of others in the economy.

For centuries gold has been a store of value, coveted for its scarcity and universal acceptance. The popularity of gold is attributed to a unique set of characteristics that makes it exceptionally well-suited for storing and investing.

CBDC (Central Bank Digital Currency) is a topic that has been making headlines lately. But what exactly is a CBDC? In simple words, CBDCs are digital versions of traditional paper fiat currency created and regulated by central banks (Dollar, Yuan, Rupee) of respective countries. CBDCs are gaining increasing attention from governments around the world as they have the potential to revolutionize the way regulators can impose monetary policies and encourage or crack down people’s economic activities. In this article, we’ll take a closer look at CBDCs and examine the pros and cons of this emerging technology.

For centuries, gold coins or bullions has been the go-to asset for those looking to store their wealth and protect themselves against economic uncertainty. But, as the world of finance and investments continues to evolve, new forms of investment assets have emerged, challenging the traditional forms of investing. One of the most significant examples of this is the rise of bitcoin, a digital currency that has disrupted the way we think about money and investing.

In a 2021 interview with Bloomberg, Bill Gates, one of the most successful entrepreneurs of our time, said that cryptocurrencies and NFTs are “100% based on greater fool theory.” This statement sparked a debate among experts in the financial and technology industries, raising concerns about the sustainability of these digital assets and their underlying value. In this article, we will explore the idea that cryptocurrencies and NFTs are digital pyramid schemes based on the greater fool theory and examine the evidence supporting this claim. We will also discuss the potential risks and drawbacks of investing in these types of digital assets and whether or not Bill Gates’ statement holds water.