1/ In November 1992, in an English village called Hoxne, a villager searching for a lost hammer with a metal detector discovered a hoard of almost 15,000 gold coins that had been buried during late antiquity when the Roman empire was beginning to crumble in Britain. 👇
2/ The amazing thing about this hoard of gold coins is that it had maintained its purchasing power for over 1,500 years (accounting for only its bullion value, not its historical value).
3/ We have lost from our collective wisdom the main purpose of money - that it should transport the value of our savings reliably into the future. This simply is not possible when the supply of money is controlled by the State.
4/ The very idea of burying millions of dollars of fiat money is simply absurd. Our posterity would uncover the worthless paper and wonder what had caused the collective insanity of a humankind for nearly a century.
5/ We live during an historical anomaly. The brief and unholy fiat money interregnum that separates the gold standard from the #Bitcoin standard.
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