Gold Is LITERALLY Priceless
The comments below are an edited and abridged synopsis of an article by Kelsey Williams
Over 5,000 years of recorded history, gold has proven itself to be real money. Gold’s value is in its use as money. That value is unquestioned.
Whatever arguments put forth against its use are attempts by government to free itself from the restrictions that gold imposes. Gold limits the ability of government to inflate and debase its own version of money, i.e., fiat currencies such as the dollar, euro, yen, etc.
Gold is money and is the original measure of value for everything else. It was never a question as to what gold is worth. The equation of price and value was calculated using fractional units (ounces, grams, grains) of gold. Consumer goods and services were priced in gold.
Up for discussion: The price of gold is irrelevant; stop analyzing gold; no new highs; understanding price vs value; summary and conclusion.
“Gold is real money and the original measure of value for everything else. The US dollar and all fiat currencies are substitutes for real money/gold. All governments inflate and destroy their own currencies.”
“The price of gold in US dollars or anything else tells us nothing about gold. A higher gold price in dollars tells us in hindsight how much purchasing power the dollar has lost—nothing more, nothing else.”
“No matter how high the price of gold goes in US dollars, the value of an ounce of gold remains the same. Gold is literally priceless.”