hey everyone welcome to bald guy money in this video we are going to talk about the three most important events impacting gold and silver throughout history and using what those moments taught us I will then show you what two scenarios I see potentially playing out that could mean major changes not only for gold and silver but also changes to our economic and financial system the kind of changes that only happen once every thousand years as always I kindly ask you to leave a like because your like is a vote to help this content


reach more people now I don't want to waste any time and the first major event on our list is the Roman coinage reforms of Caesar Augustus done in 23 BCE now if you're familiar with the golden rule you know that he who has the gold makes the rules and that is how Augustus who was the first emperor of Rome really Consolidated his power by giving himself total control over gold and silver coinage and while the power or at least perceived power to issue coins in Copper and bronze remained with the Senate as


denoted on the coins themselves with the letters SC which mean by the orders of the Senate but none of that mattered back in 23 BCE because gold and silver were the real drivers of the Empire and this move proved that by controlling those two metals you controlled real money and you could become the most powerful person in the world by controlling them what's more is as the currency was subsequently debased leading to the crisis of the third Century we also learned the lesson that no matter how strong you are not


respecting real money can get you into trouble and with grisham's law in effect you cannot hold on to Power by inflating your way out of your problems real power is derived from real money and Augustus knew that more than 2 000 years ago whereas our leaders today simply do not understand it now moving on to the second pivotal moment in history for gold and silver it is the invention of paper money backed by silver and gold and that was done by the Song Dynasty in around the year 1000 of the Common Era


and why this was such a pivotal moment in history is that it really marked the first time a ruling government thought they could pull a fast one over the people they ruled by using paper as a substitute for metal and although from an historical perspective you can say many positive things about the Song Dynasty I mean they embraced science they had art they had a very complex economy this particular feature of it that being Fiat money resulted in high inflation as more and more notes were issued than they had


gold silver or silk to back them up and as a result of that they had to try to compensate for their irresponsible behavior and it started with taxes they tried to tax themselves out of the problem and when that didn't work they started intervening in the economy directly so the free market that had made them powerful was disrupted and when their interventions made things worse they tried to distract people from that by using populist ideas and slogans to make it seem that smaller issues were


what people should focus on as opposed to the real things the rulers had gotten wrong and as a person commenting on this in 2023 I have to say that this sounds extremely familiar to what I see going on in a lot of places today because the sum of all of these bad decisions started to empower the rivals the regional Rivals of the Song Dynasty and some people believe that It ultimately led to their demise and if you want to read something very interesting on the topic I am linking up the free 22-page paper by economics PhD


Peterson Ange in the description of this video which breaks down that topic in detail and now on to the third event that made my list and this one you might have predicted would be here because that is when Nixon took the United States dollar off of the gold standard in 1971. and why I think this is important is because it is still relevant for us today and I believe that it will lead to the next major event for gold and silver which could go very well or could go very badly as I alluded to at the beginning of this video


so let me please share with you all right now what the two scenarios are that I am looking at right now that I think could be the next major events for gold and silver in history and please let me know what events you are personally looking at right now let's make a nice discussion around this in the comments so number one on the list is the digitization of gold and silver Yes you heard that right and that does not mean that physical gold and silver will become useless in fact it's quite


the opposite because in this potential model gold and silver could be used to make money hard again most likely via a private option at the start which would be a better solution considering privacy concerns swirling around cbdc's now why I think this is good is because instead of having a fiat currency that people falsely claim is backed by gold and silver as we learned in our examples from history we would have the ability to see on a blockchain the total amount of the currency issued and paired with


regular audits to ensure issuers have the gold and silver to back up what they are issuing this could mean a real return to hard money money that is easily transferable digitally money that doesn't have counterparty risk verification of its authenticity is done electronically on the blockchain it would also eliminate the need for you to store your Metals at home where they can be taken or even store money in the bank where it can also be taken and it would allow regular people to save money again


now the other not so great option on my list is a polarization of world economies triggered by an economic challenge to the west by China and Russia where a Commodities back system is adopted but in the form of a tightly controlled CBD e Not only would this system consolidate control over the world's money into the hands of the world's political Elite but I see it potentially leading to a return to mercantilism a system where countries try to take advantage of each other in order to collect as much gold as possible


creating few winners and many losers it's a system that stifles Innovation makes Goods more expensive and it was actually one of the causes of the American Revolution so as I like to say let's hope for the best but prepare for the worst because with central banks buying more gold than ever recorded in 2022 it's evident that something is around the corner something is happening in the background we just don't know what yet so that's what I have to say on that topic and now let's get to the viewer


question for this video and it's a really good one it comes from Kenneth Ron Jr and he is asking a question about my video from a couple weeks ago regarding when the best time to sell your medals to purchase real estate is and he wants to know if going by my data I am saying it's a good time to sell real estate right now and purchase medals and I wanted to add this question to this video because I want to be perfectly clear about my personal strategy as it pertains to precious metals and real


estate because the reason I argue that real estate is the hardest of all assets as long as property rights are recognized is because of its versatility you can build a house and rent it out to somebody to generate yourself passive income in Good Times if things get bad you can use the land the house is standing on to grow yourself some food you can chop down trees on a property to heat a house that has a fireplace if there's an energy crisis and you can use a property to house a business if


everything is going well for you so there are simply a lot of things you can do with real estate whether that be land or housing that you simply can't do with gold and silver as great as I think gold and silver are but if gold and silver are money then they are a means to an end they are not the end in themselves while still understanding that having some hard money savings at all times is a good thing so I'm not saying totally liquidate all of your medals Holdings so to make a long story short Ken I hope I


can call you Ken that's why I never go the other way from Real Estate into precious metals because for me personally real estate whether it's rental properties or farmland or whatever form it takes is the end in itself that is the ultimate goal that is what I want to hold the gold and silver are simply the means to get me there now if you have a different point of view let me know what that is in the comments section and let's have a discussion about it with that said I want to wish you all a


fantastic weekend ahead thank you for being the best community in precious metals and until next time see you later