Appreciate it brother! I was aiming for anyone who wasn't really aware of gold but I'll be happy with anyone who sees the light. I think some preppers are just so stubborn to the idea, which is why they got the shoutout haha. Thanks for the love Triple P.
Thanks for explaining this to the public. I have teaching my family about fiat currencies and real money gold and silver! It is amazing to me how people have been brainwashed to believe that fiat currency is money, when in reality it has no value whatsoever!
Let's not let the fundamental truth regarding gold and silver cause us to go off into hyperbole. Paper money does have value as long as there are people that are willing to trade goid and services for it. As of July 23rd, 2022 there are billions of people that are willing to trade goods and services for dollars. There is coming a day when that may not be true but for the foreseeable future that is not the case. As far as fiat currency is concerned the dollar is the best of bad options.
One easy to carry iou took the place of another. The value is in the item you're exchanging the gold or fiat or silver for. Then the receiver uses that currency to buy something else of true value. Its an exchange mechanism nothing more. The only difference is gold/silver are limited whereas fiat isn't.
A few other good points: Gold is a pure element which makes it one of about 98 naturally occurring elements. Elements are the building blocks of everything so its the most basic form of a commodity. This is a big detail that separates it from other things like diamonds which are a specific morphology of carbon. Carbon can be converted into diamonds and this manufacturability is a risk to diamonds' scarcity because carbon is not scarce. Another important point is that gold is easily testable with primitive resources. There is no way, even with modern technology, to manufacture a fake gold coin that can pass the following three simple tests: weight, dimensions, sound. Even tungsten fakes which have the same density and therefore weight and dimensions will not make the correct sound when tapped. The "sound" of sound money is actually a test of authenticity. There is no process on earth that can produce a substance capable of passing all these tests without that substance being gold. Even color helps. It is the only yellow metal which makes it instantly recognizable. Faking a convincing gold color is very difficult. It is so difficult that most fake gold is actually plated in real gold. Gold plating is easy to test for too. Simple verification of authenticity is important so that millions of people can easily trust it without requiring sophisticated and expensive testing methods. Bullets fail this test for instance. If you were to barter with bullets, there is no simple way to verify that the bullets you receive are real. How can you be sure there is gunpowder inside? How can you be sure the primer cap is not just a plain metal insert? Simple verification is very important.
True. The contrarian response would be that a bimetallic system doesn't work due to competing ratios and that expansion is radically reduced because of a lack of fiat but I don't know if that's necessarily a bad thing. I think gold and silver would just have to be revalued continually over time.
I just love your video’s. On top of that, I think you’re an incredibly wise man. Thank you for taking the time to share your wealth of knowledge. Please keep them coming!
Value in society is related to the social necessary labor time to produce something. Hence pebbles are worthless as it takes very little effort to collect them. Price will fluctuate according to supply and demand hence gold isn't always a fixed price but the value sets the range of price that it fluctuates around. The difficulty in finding, extracting and processing gold and it's property of durability make it an excellent store of value. The properties you mention make it a good means of exchange.
Great video and thanks. You said it all. All those years of stacking gold didn't go wasted. I shall continue to do so. Please make more videos (positive or/and negative) about gold.
This is exactly why I’m looking into it, and of course doing it to leave something for my kids with actual value/ worth Glad it’s working out for you bud! god bless
Most is in the moment. I have bullet points to stay on topic and to remind me of certain figures and dates. The internet is full of red pens ready to pounce the moment one accidentally misspeaks.
All the while I've been hearing you mention Avenue Coin in Stockton, so I assumed that you're from Stockton yourself. I was surprised today seeing your Davis mailing address in the descriptions. We're practically neighbors, I'm in the Redding area. Nice work on the vids!
If golds a store of value what happens when it's use is essential? The value increases What would happen if its use ( like the reduction of silver in chip use) becomes redundant? Value decreases. It's not what the store of value is. It's what you're getting in exchange. Which is why money (in any form) replaced barter. Because its easier to carry a coin than a cow.
Great Informative Video on Gold as Money. I highly recommend this Video for anyone who wants to know the difference between Currency 💲💲💲 which is basically backed by nothing but Government Debt and Real Money 🪙🪙🪙 ( Gold and Silver ). looking forward to your next video.
I got a question. If it is written in The American Constitution that no state shall create anything but gold and silver as money, then how have the private banks been able to setup the Federal Reserve issuing fiat money? Why is it impossible to challenge this illegal act in the courts? The Constitution is supposed to be the supreme law of the land yet this part of the document seems to have been annulled. What am I missing in my understanding here?
It's a loophole. The Constitution says "no state" but the Federal Reserve (which is not Federal and has no reserves) is basically commissioned by the Federal government to issue fiat currency to the states. The Founding Fathers didn't think people could be this stupid but they were wrong.
@@CampbellsCoins Wow that sounds like a racket if there ever was one. They are playing word games on The Constitution and setting up an illegal counterfeiting operation to benefit a select few. The Constitution also has the death penalty for counterfeiters if I recall. Some day.....
@@mth469 It's a cartel. Read The Creature from Jekyll Island. It's amazing how the people were bamboozled to vote on the Act creating the Federal Reserve AND the act has been amended something like 400 times since 1913, so it looks nothing like how it was when created.
Bartering fur pelts for a house doesn’t always work which is why baseball teams have three way trades. (a) has infielder and needs closer. But (b) has closer but needs outfielder. (a) sends infielder to (c), (c) sends outfielder to (b), and (b) send closer to (a). Win-win-win. This is why we have “money” as medium of exchange.
I see that gold eagles are not exactly fungible. Look at today's prices, a 1/4 gold eagle is selling for $581.78, and times four that equals $2287.12, whereas a once ounce gold eagle is selling for $2049.23. And what if I don't want to buy several weeks of groceries at once using a 1/10 ounce gold eagle? If only there was a way to spend gold in very small amounts such as 1/1000 of an ounce....
That's certainly one opinion. Why don't you do that same math on those 1/1000 oz pieces you're referencing? 🤣 I don't need 1/1000oz Goldbacks when constitutional silver will do the same thing without the premium.
But would you still trade if you didn't have a deep stack? Let's say you had just enough to survive and protect. I think a lot more people are in that boat. Who know, I could be wrong haha. Thanks man! 😎👊
@@CampbellsCoins that would be a different situation. I've been prepping since 2008. Original plan was to have ammo for barter since I want everyone to be safe. One of my offerings or skill sets to the community.
They do...Obama gave Iran hundreds of millions in gold bars. The examples of this happening are endless. Plus, don't forget central banks hoarding and buying gold.
Should a gold buyer be overly concerned about the paper trail from online dealers? My local spot you can buy with cash with no paper but it's very hit or miss when they have gold.
I really don't see a reason to be concerned. One can easily hide their gold once in their possession, say it was stolen or say it was sold off, IF a time comes when .gov is looking for it. I don't think we will see that level of confiscation. If you're concerned about .gov knowing, stick to cash. Check out Avenue Coin in Stockton, CA. They accept cash payments mailed, and will ship you gold very secure and discreet. It's a bit more risky than transacting in person but I know a lot of folks don't have a good LCS to work with, which is why I always recommend this place.
In what context? If you HOLD gold and silver, nothing happens to it when a CBDC is introduced. When a CBDC is introduced, PMs could be made impossible to buy. It could be that no one wants to give an answer because we really don't know. It's never happened before, so the best people can do is speculate. This is my guess with it.
CBDC has already been introduced. About 78% of transactions are done digitally. The fact that fiat goes from paper to electrons doesn't change the fundamental problem with fiat currency. If a central bank wants to create more it's very easy to do.
Hi 👋 I am from East world 🌎. Also third world, Gold was always real money 💰. I am believer in Gold standard wealth preservation. It's always been part of our culture 1. Real estate properties 2. Physical 24k Gold bars 3. Us dollar 💵 currency stacking 4. Agricultural land We also believe Gold is Insurance + Emergencies situation. Generations wealth + Store of wealth
@@CampbellsCoins You have no choice! Not that much gold to mine and can’t mine it fast enough to create currency. Gold was great as currency with small population but once the country grows from expanding social programs, economic growth, and population growth the gold becomes diluted. There is no way around it. I love Gold and not against it as currency but it’s not going to work with 7 billion people in this world. Can’t get loans because there no gold as currency. See the problem now. This imaginary digital currency that we really live in now isn’t cash it’s not enough cash to cover up all the digits in our bank accounts. We can get loans anytime to buy a house car personal loans and so on we’re not gonna be able to do that with medals as currency.
@@themicmac88 you're explaining one side to it. Yes, in order to create more with a fixed supply dilution is needed OR the other solution is gold and silver be regularly revalued to reflect the population and spending.
@@CampbellsCoins No I’m stating facts that happen already in the world with Precious metals as currencies. Even America almost collapsed under gold and silver. Guess you forgot about that too! Wake up!! Physical currency is gone!!!
I think their is a more cultural reason why China and India are buying up all this gold, and it has less to do with economic factors, although that is a part of it. I appreciate your explanation of the historic usage of gold as a form of currency. Keep up the great videos brother.
Gold is not a great money you can shave off gold you can't cut the corner off a dollar bill well you can but it has no effect on the dollar bill the split gold up into smaller than 1/10 is Impractical because it has a better chance of being lost because it's so small gold is a great asset but once again money is a made-up human concept it is not a universal constant therefore money is whatever Society decides money is pure and simple no way to argue it
Dollars can be shaved off without you knowing, the government shaves at least 2% of its value yearly, sometimes it can reach 10% and you can't do anything to stop them, they can steal your gold when its in your hands.
This is a video that every prepper who doesn’t stack precious metals needs to watch. Very well done!
Appreciate it brother! I was aiming for anyone who wasn't really aware of gold but I'll be happy with anyone who sees the light. I think some preppers are just so stubborn to the idea, which is why they got the shoutout haha. Thanks for the love Triple P.
Anyone who has ever doubted gold or doesn't know about gold should watch this video. Well put together!
🙌 Thanks for the kind words
Look back in history. Gold has been what Kings have had. Good points Campbell's Coins!
Thanks for explaining this to the public. I have teaching my family about fiat currencies and real money gold and silver! It is amazing to me how people have been brainwashed to believe that fiat currency is money, when in reality it has no value whatsoever!
It's really sad how little people know. Thanks Jairo!
Let's not let the fundamental truth regarding gold and silver cause us to go off into hyperbole. Paper money does have value as long as there are people that are willing to trade goid and services for it. As of July 23rd, 2022 there are billions of people that are willing to trade goods and services for dollars. There is coming a day when that may not be true but for the foreseeable future that is not the case. As far as fiat currency is concerned the dollar is the best of bad options.
One easy to carry iou took the place of another. The value is in the item you're exchanging the gold or fiat or silver for. Then the receiver uses that currency to buy something else of true value. Its an exchange mechanism nothing more. The only difference is gold/silver are limited whereas fiat isn't.
Great breakdown on why gold is money, and the problem with currency!
🔥🦈🌊
Thanks brother. 😎👊
Great video. I learn from you as well as just enjoy your videos. Thank you for all your hard work.
Nice of you to say. Thanks for your support and for stopping by!
A few other good points: Gold is a pure element which makes it one of about 98 naturally occurring elements. Elements are the building blocks of everything so its the most basic form of a commodity. This is a big detail that separates it from other things like diamonds which are a specific morphology of carbon. Carbon can be converted into diamonds and this manufacturability is a risk to diamonds' scarcity because carbon is not scarce.
Another important point is that gold is easily testable with primitive resources. There is no way, even with modern technology, to manufacture a fake gold coin that can pass the following three simple tests: weight, dimensions, sound. Even tungsten fakes which have the same density and therefore weight and dimensions will not make the correct sound when tapped. The "sound" of sound money is actually a test of authenticity. There is no process on earth that can produce a substance capable of passing all these tests without that substance being gold. Even color helps. It is the only yellow metal which makes it instantly recognizable. Faking a convincing gold color is very difficult. It is so difficult that most fake gold is actually plated in real gold. Gold plating is easy to test for too.
Simple verification of authenticity is important so that millions of people can easily trust it without requiring sophisticated and expensive testing methods. Bullets fail this test for instance. If you were to barter with bullets, there is no simple way to verify that the bullets you receive are real. How can you be sure there is gunpowder inside? How can you be sure the primer cap is not just a plain metal insert? Simple verification is very important.
I think if we would of stayed on the gold and silver standard we would not of had such high inflation rates over time.
True. The contrarian response would be that a bimetallic system doesn't work due to competing ratios and that expansion is radically reduced because of a lack of fiat but I don't know if that's necessarily a bad thing. I think gold and silver would just have to be revalued continually over time.
If you buy groceries now the grocery stores won't know about 1/10 gold unless if SHTF happens.
I’ve seen a bunch of videos on gold and this is the best. Great Job!
Great content, put together perfectly. Subscribed.....Thank you...👍... Look forward to more videos
I just love your video’s.
On top of that, I think you’re an incredibly wise man.
Thank you for taking the time to share your wealth of knowledge.
Please keep them coming!
Your point on gold is spot on!! Pun intended 😁. U and 2/1 are my go to channels. Keep up the great content
Love your work Dude 😎
Catching up on some of your work. Good job!👍
Thanks for the visit
💯 real talk.
I agree with you 100%! Great video CC! This is why gold is the majority value of my stack!
Value in society is related to the social necessary labor time to produce something. Hence pebbles are worthless as it takes very little effort to collect them. Price will fluctuate according to supply and demand hence gold isn't always a fixed price but the value sets the range of price that it fluctuates around. The difficulty in finding, extracting and processing gold and it's property of durability make it an excellent store of value. The properties you mention make it a good means of exchange.
Excellent video!
A great lesson, well explained! Thanks!
Great outlook on gold and the argument for it as money that has survived for thousands of years
Great video and thanks. You said it all.
All those years of stacking gold didn't go wasted. I shall continue to do so.
Please make more videos (positive or/and negative) about gold.
You are SPOT On sir! 👍👍👍
Thank you kindly!
Side hustle past couple weeks has payed off… heading to the LCS Friday to purchase an ounce of gold. Thanks for the video
This is exactly why I’m looking into it, and of course doing it to leave something for my kids with actual value/ worth
Glad it’s working out for you bud! god bless
Well done @ CC. 👏
Thank you!
Well said
You the man!!
😎🙌
I might just be a Dwarf from the lord of the rings, but i just like the look and feel of gold 🥵
Love this video, just curious, did you say all this off the dome in the moment or did you have this pre written out and read from something you wrote?
Most is in the moment. I have bullet points to stay on topic and to remind me of certain figures and dates. The internet is full of red pens ready to pounce the moment one accidentally misspeaks.
Outstanding video CC 👍🏻😎
Appreciate it man! 🙏
@@CampbellsCoins anytime 😎👍🏻
Excellent video. Well explained and very informative
Glad it was helpful! Thanks for watching!
All the while I've been hearing you mention Avenue Coin in Stockton, so I assumed that you're from Stockton yourself. I was surprised today seeing your Davis mailing address in the descriptions. We're practically neighbors, I'm in the Redding area. Nice work on the vids!
Close by in the Bay Area!
Excellent video, my friend.
Thank you very much!
If golds a store of value what happens when it's use is essential?
The value increases
What would happen if its use ( like the reduction of silver in chip use) becomes redundant?
Value decreases.
It's not what the store of value is. It's what you're getting in exchange. Which is why money (in any form) replaced barter. Because its easier to carry a coin than a cow.
I just bought my first gold. 5 gram bar from sd bullion. Cannot wait for it to arrive!
Awesome! Congrats
@@CampbellsCoins tyvm. I also bought 2 10oz germanium silver bars too. Very pretty!
Excellent video Campbell's Coins Dude, very informative, and yes, I totally agree you 100%, Gold and Silver are definitely ''F You Money'', hehe!
Everyone should also check out "hidden secrets of money" by mike maloney.
Great series he put out.
My gold is for bartering with the Anna Naki.
I think they deal in souls.
Great Informative Video on Gold as Money. I highly recommend this Video for anyone who wants to know the difference between Currency 💲💲💲 which is basically backed by nothing but Government Debt and Real Money 🪙🪙🪙 ( Gold and Silver ). looking forward to your next video.
I think the end of the day we all know the values of our precious metals I really in the holder and the person you will trade
i think silver should be more tangible because it is less rare.Silver dollars.
I got a question.
If it is written in The American Constitution that no state shall create anything but gold and silver as money, then how have the private banks been able to setup the Federal Reserve issuing fiat money?
Why is it impossible to challenge this illegal act in the courts?
The Constitution is supposed to be the supreme law of the land yet this part of the document seems to have been annulled.
What am I missing in my understanding here?
It's a loophole. The Constitution says "no state" but the Federal Reserve (which is not Federal and has no reserves) is basically commissioned by the Federal government to issue fiat currency to the states. The Founding Fathers didn't think people could be this stupid but they were wrong.
@@CampbellsCoins
Wow that sounds like a racket if there ever was one.
They are playing word games on The Constitution and setting up an illegal counterfeiting operation to benefit a select few.
The Constitution also has the death penalty for counterfeiters if I recall. Some day.....
@@mth469 It's a cartel. Read The Creature from Jekyll Island. It's amazing how the people were bamboozled to vote on the Act creating the Federal Reserve AND the act has been amended something like 400 times since 1913, so it looks nothing like how it was when created.
Bartering fur pelts for a house doesn’t always work which is why baseball teams have three way trades. (a) has infielder and needs closer. But (b) has closer but needs outfielder.
(a) sends infielder to (c), (c) sends outfielder to (b), and (b) send closer to (a).
Win-win-win.
This is why we have “money” as medium of exchange.
I see that gold eagles are not exactly fungible. Look at today's prices, a 1/4 gold eagle is selling for $581.78, and times four that equals $2287.12, whereas a once ounce gold eagle is selling for $2049.23. And what if I don't want to buy several weeks of groceries at once using a 1/10 ounce gold eagle? If only there was a way to spend gold in very small amounts such as 1/1000 of an ounce....
That's certainly one opinion. Why don't you do that same math on those 1/1000 oz pieces you're referencing? 🤣 I don't need 1/1000oz Goldbacks when constitutional silver will do the same thing without the premium.
I can trade some freedom seeds. The stack is deep.
Probably wouldn't even trade my gold in shtf. But it's there.
But would you still trade if you didn't have a deep stack? Let's say you had just enough to survive and protect. I think a lot more people are in that boat. Who know, I could be wrong haha. Thanks man! 😎👊
@@CampbellsCoins that would be a different situation. I've been prepping since 2008. Original plan was to have ammo for barter since I want everyone to be safe.
One of my offerings or skill sets to the community.
RAR is proud of you!
🙌 thank you kindly!
Great insight, as usual. Thanks Mr Campbell.
Much appreciated!
lol " F U money "
If gold is so great.why dose the government give outher country's cash ?? Why don't the government give them gold too help there economy's???
They do...Obama gave Iran hundreds of millions in gold bars. The examples of this happening are endless. Plus, don't forget central banks hoarding and buying gold.
Should a gold buyer be overly concerned about the paper trail from online dealers? My local spot you can buy with cash with no paper but it's very hit or miss when they have gold.
I really don't see a reason to be concerned. One can easily hide their gold once in their possession, say it was stolen or say it was sold off, IF a time comes when .gov is looking for it. I don't think we will see that level of confiscation. If you're concerned about .gov knowing, stick to cash. Check out Avenue Coin in Stockton, CA. They accept cash payments mailed, and will ship you gold very secure and discreet. It's a bit more risky than transacting in person but I know a lot of folks don't have a good LCS to work with, which is why I always recommend this place.
@@CampbellsCoins thanks for the reply
What happens to gold and silver when CBDC are introduced? I’ve asked several channels this question, no one replies.
Maybe because no one knows what CBDC means
Central Bank Digital Currency.
In what context? If you HOLD gold and silver, nothing happens to it when a CBDC is introduced. When a CBDC is introduced, PMs could be made impossible to buy. It could be that no one wants to give an answer because we really don't know. It's never happened before, so the best people can do is speculate. This is my guess with it.
Greshams law, same as now.
Bad money pushes good money out of circulation.
CBDC has already been introduced. About 78% of transactions are done digitally. The fact that fiat goes from paper to electrons doesn't change the fundamental problem with fiat currency. If a central bank wants to create more it's very easy to do.
Hi 👋
I am from East world 🌎. Also third world, Gold was always real money 💰.
I am believer in Gold standard wealth preservation.
It's always been part of our culture
1. Real estate properties
2. Physical 24k Gold bars
3. Us dollar 💵 currency stacking
4. Agricultural land
We also believe Gold is Insurance + Emergencies situation.
Generations wealth + Store of wealth
I’m ima pickle! Do I buy 1/4oz every month or 1oz every 3-4 months ughhh
People should own both fractional and full size. I would get full size when the price is down and when it goes up I get the fractional pieces.
@@CampbellsCoins thank you
3 Bananas 🍌 for 5 Coconuts 🥥 🤣
😂💯 #commoncoremath haha
World governments will lever allow a true gold standard 100 percent backed
How can you buy gold anomimous?
In store with cash
Yummy goooooooooold. 😘👍
First!
😎🙏
You can eat gold as easily as fiat.
Gold can easily be diluted into just about the value of copper. Remember the romans?
I do. So I guess don't do dilute it.
@@CampbellsCoins You have no choice! Not that much gold to mine and can’t mine it fast enough to create currency. Gold was great as currency with small population but once the country grows from expanding social programs, economic growth, and population growth the gold becomes diluted. There is no way around it. I love Gold and not against it as currency but it’s not going to work with 7 billion people in this world. Can’t get loans because there no gold as currency. See the problem now. This imaginary digital currency that we really live in now isn’t cash it’s not enough cash to cover up all the digits in our bank accounts. We can get loans anytime to buy a house car personal loans and so on we’re not gonna be able to do that with medals as currency.
@@themicmac88 you're explaining one side to it. Yes, in order to create more with a fixed supply dilution is needed OR the other solution is gold and silver be regularly revalued to reflect the population and spending.
@@CampbellsCoins No I’m stating facts that happen already in the world with Precious metals as currencies. Even America almost collapsed under gold and silver. Guess you forgot about that too! Wake up!! Physical currency is gone!!!
@@themicmac88 Gold/Silver is money always has been always will be. Slaves got paid in plantation paper..... Your choice.
India, not so much
I think their is a more cultural reason why China and India are buying up all this gold, and it has less to do with economic factors, although that is a part of it. I appreciate your explanation of the historic usage of gold as a form of currency. Keep up the great videos brother.
Gold is not a great money you can shave off gold you can't cut the corner off a dollar bill well you can but it has no effect on the dollar bill the split gold up into smaller than 1/10 is Impractical because it has a better chance of being lost because it's so small gold is a great asset but once again money is a made-up human concept it is not a universal constant therefore money is whatever Society decides money is pure and simple no way to argue it
Dollars can be shaved off without you knowing, the government shaves at least 2% of its value yearly, sometimes it can reach 10% and you can't do anything to stop them, they can steal your gold when its in your hands.
Great video!
Much appreciated bro!