Gold is the "trust the plan" of money.
No thanks, boomer.
Discussion
In the long run gold and silver will go the way of copper, it will retain value, but as a raw material and industrial resource, not a financial asset.
Fractional reserve games began centuries ago during the era of gold as money. It all started with ancient goldsmiths, almost all of them Jews, who found out how easy it was to issue more receipts for gold than they actually had gold in their vaults.
