i agree with player two, and happily stipulate that there is no "correct price" for gold, and the shadow value is but a fun way to premise a zero-state system reset or, iow, cold boot;
however, when all is lost, at that very moment, a common medium of exchange is still needed, and a reliable sinking-fund asset against loans promised to be paid back in anything other than still more paper currency is needed, what is that asset (i.e. gold), and what is the value of that asset in terms of the old and rapidly fading paper currencies (i.e. usd 60k/oz as of today);
therefore, should we have excess savings that otherwise would idle, and surplus capital that we know not what to do with, what should we transform such excess surplus so that they can last out the journey to and across the dark interregnum?
... well, if gold is at 1k and its shadow value as defined is at 60k, then buy gold
we only need to worry about the accuracy of the shadow value calculation once gold spot has hit 1/10 of its shadow value, i.e. 6k/oz. |
