Part 2/11:
He asserts that human progress has surged forward with innovations like space travel, AI, and quantum computing, yet many remain entranced by the shiny metal buried deep within the Earth. Gold, birthed as a symbol of royal power and physical wealth, now appears an anachronism in the age of instant digital communication and borderless finance.
Limitations of Gold as a Native Asset
Livingston highlights the inherent weaknesses of gold: it cannot be emailed, subdivided without tools, or reliably proven authentic without destructive testing. Governments can, and historically have, confiscated it — citing policies like the US's infamous 1933 gold recall. Once gold is seized, it effectively ceases to be a private store of value, turning into government property.