Hahah I agree about the pencil thing for sure, but yeah idk about gold standard either bc of how it was mined, who minted it and distributed it.. & I donโt think he was trying to rationalize the central bank, more so make us aware, never got that impression. Their true colors were shown to me so how could he or me rationalize what theyโre doingโฆ idk but I am glad we have Bitcoin, digital gold which isnโt mined by slave labor, minted at will by 3rd party whoโs interests are but their own, and capped at a supply of 21M. Which we currently donโt know the cap supply of any of these โprecious metalsโ but yeah
Discussion
YeahI hear you regarding gold mining and minting. If I remember correctly he did specifically say that the problem with gold was the limited supply though. I watched it a few weeks ago so it's still pretty fresh in my mind.
Limited bc of how costly it is to produce & unsustainable to mine, but no fixed supply still means it cannot guarantee financial or economic stability.