In this report, I cover the early market action from London on Thursday, February 28th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look at how gold has acted as money and a store of value by looking at different coins from around the world and how the present day exchange rates actually evolved from the exchange rates between the coins from various countries around the world.
I also point out that with today's technological advances I think that gold and silver will not only make a comeback as stores of wealth but also as currencies.
In this video, I show the viewer how I actually bought my Latte at Starbucks with less than one gram of gold!
My conclusion is that technology could, in fact, make gold and silver even more efficient currencies than they were prior to the emergence of the present day paper currency system.
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