Where are the U.S. gold reserves stored? And what is a conceivable way we can make good money again and allow U.S...

Rabbi Shekelberg is keeping it all in Tel Aviv where it's safe.

you can't have good money with a central authority, crypto is the only way.

I don't want your digital currency, fuck off Kushner and your RFID chips

When gold was decoupled from notes the notes and gold retained value.
Gold was sold off for a cool $1 trillion profit.
Biggest heist in history and it happened right in front of everyone.

Huh.....

>crypto
Oops, there went power and internet access. Good thing you had all those buttcoins to pay with in your wallet.

Can anyone explain why gold is valuable besides it being "rare"

we all agree that it is. Tada.

What happens when the "central" authorities buy up most of the crypto?

electronics

Nope, gold was valuable before electronics.

Silver is a better conductor. Copper is a cheaper conductor almost as good.
It's shiny metals and the only reason gold has any value is because Schekelstein&sons has convinced you and your wife that decorations made of it are worth a lot more than any intrinsic value it might hold, even when accounting for scarcity.

Same reason anything is valuable. People want it and are willing to trade other goods for it.

Tel aviv

In other words, fiat.

It is all in space.
dark Fleet uses 2 inches of solid gold in the hulls to shield radiation from the humans in them.
and know you know where all the gold is going, and why gold mining is goin full-bore.

OY VEY ANTISEMITISM

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There is no subtler, no surer means of overturning the existing basis of society then to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
- John Maynard Keynes

Gold was the enemy to me.
- Paul Volcker, Former Chairman of the Federal Reserve

As Menger described, the monetisation of an asset is the transition in a barter economy from fundamental to monetary value; in modern financial markets, monetisation occurs when the official money – fiat currency – is abandoned as a storage of value. This modern monetisation has two prerequisites: that the fiat currency is mismanaged, and that there is a free and public market in one or more monetisable assets.

As investors will always seek to maximise the time-transferable value of their wealth, this tells us: that (I) there will always be investment; that (II) to the investor, the only distinction between monetised assets is their performance as a time-transferable storage of wealth; that (III) the market valuation of monetised assets will be distorted proportionally to the investor recognition of the time-transferable value of that asset; and, that (IV) the driving force behind the monetisation of an asset is chiefly dependent on the possibility, then time-frame, of its debasement.

Lacking any industrial utility, the value of this monetised asset is the ratio of investor demand to asset supply. In the case of fiat currency debasement, the broad money (M3) supply is limited to the issuing government. The majority of this debasement, takes the form of insured credit expansion – the explicit guarantees of sovereign debt and implicit guarantees of private debt by the government. When the growth rate of broad money exceeds interest rates, investors, interested in value-storage, are driven from the currency. That is, debasement drives investment towards those real non-monetary assets with positive debasement-adjusted interest rates. Those non-monetary assets become monetised, and the free market debases those monetised assets by increasing their production.
By example, the monetisation of stocks in the early 2000s caused a wave of premature, over-priced IPOs; the monetisation of housing causes waves of mass-produced construction. The regulations and restrictions that surround these assets extend the time-frame of, or eliminate, their debasement, it is for this reason that they are monetised. However, this inevitable debasement of stocks and housing drives their abandonment as money.

As the supply of precious metals is necessarily limited, their value, as money, should, in theory, be entirely dependent on investor demand. In reality, the monetisation of precious metals is restrained by the opacity of central bank gold leasing, gold call options, and gold price management simulate the debasement of gold; capital gains tax and the denial of metal-in-exchange insulate the flow of value between fiat currencies and precious metals; and the historical confiscation of precious metals. In the case of silver, its post-WWII abandonment by the central banks has driven its demonetisation; non-recoverable industrial use remains the majority of demand.

Can you explain why paper money has any value, it's not even rare so it should be a bigger mystery.

The price of any money above its utility is entirely dependent on faith in its storage of value. That is, if the opinions of the public, weighted by the size of their savings, decrees a monetised asset to be worthless then it will be demonetised.

kangs and queens crave gold. they always have and they always will. they will always give you the paper and binary digits they create from nothing for your gold.

I should add that the price of precious metals can stabilise only if (I) the free trade of precious metals is forcibly ended, (II) the debasement of fiat currency is prohibited, or (III) fiat currency is abandoned.
Given the necessary precipitation, the forcible ending of precious metal free trade – the economic equivalent of state-enforced religion – would only quicken the dissolution of faith in the fiat currencies.
Currency debasement disincentivises the sovereign from its prohibition, as the rate of debasement is equivalent to a percentile tax on all currency holdings; any compensatory wage growth is then further levied by a progressive tax system.

The modern standardisation of monetised assets is likely to be the result of historical and cultural association, as digital currencies remove the inconveniences of money conversion. Therefore if there is to be a single monetised asset then it is gold; if price fluctuations drive investors towards a parallel standard, then gold and silver will be its basis.

check out the big brain on brad bong. he is sharp.

translation: dont sell the farm, but have a bit of precious as insurance.

the reptilians took it