Saving In Gold

[Jacob Petersheim]

Changes and control happen. Trump's new Fed head might cause some more changes. Trump has crypto on his radar. To me, crypto is a money pulled out of the air. Digital, not much better. But then, I will never be rich.

Trump and his Cabinet have mostly been talking about Stablecoin.

This is crypto based in its mechanism and involves "digital wallets" to hold balances and make payments. But the "value" is based on something, not just conjured. The "something" can be Treasury Bills, or physical gold, or something else like shares in a company or operation. For example a Stablecoin might hold farmlands held in a trust. These accrue value through tenant farming by farmers who lease the lands for use. Or oil and gas fields, or shipping ports, or even groups of factory holdings or mines.

I'm not big on the idea, but as I hear more details it begins to make a kind of sense.