I have always enjoyed watching Mark Dice’s videos exposing the public’s attitude toward and their knowledge of gold. Even I at one time would have sided with these people who are rejecting a gold coin for a random thing. What a difference a little education makes. I am positive that if Mark approached anyone who had read chapter 7, Gold and Silver Valuation of my book ‘Money Plain and Simple; What the Institutions and the Elite Don’t Want You to Know’, they would have surprised him and made the swap before he could finish his pitch! Understanding gold’s value as a monetary metal for over 4,000 years means it has a proven track record of a stable storage of wealth. It cannot be counterfeited or inflated which makes gold a great hedge against inflation. I always say “watch what the wealthy do with their currency” and in the case for gold, you will see that from the central banks to the elite, they mostly are accumulating gold.
When you watch this, you may cringe to see the reasons the street walkers reject the deal, and this reveals how much we do not know about real money in our world as a society. Our educational system has failed us in this regard, and one has to wonder, “was this by design?” But it is never too late to learn the money basics and the things they have kept from you!
To put this demonstration in context, an ounce of gold is worth (today) around $1,800 and is easily redeemed at a local coin shop for around that price (minus premiums). It does not matter if it is from Canada or the USA, it is still 1 ounce of gold.
See Mark Dice’s video here: https://youtu.be/D_x8VswuLwU
