r/freedomgold

Latest addition

• Is gold inherently valuable, or is it valuable only because we’ve agreed to treat it that way?

• Even today, almost every major central bank in the world keeps gold in its vaults. The United States has about 8,100 tons of gold, the largest reserve in the world. The Reserve Bank of India too has been steadily increasing its gold reserves. The question is, when the world runs on digital money and cards, why does this old metal still matter so much?

📜 Under the Bretton Woods Agreement of 1944, the dollar was linked to gold. Every dollar came with a guarantee of a fixed amount of gold backing it. But in 1971, the US removed that guarantee, an event known in history as the "Nixon Shock." Since then, the world’s currencies are no longer tied to any metal. They rest on the backing of governments and central banks.

🔗 This is the turning point where a deeper insight connects to the facts. If the dollar or the rupee is no longer linked to gold, where does its value really come from?

🧠 Its value doesn’t lie in any object. It lies in a shared belief. All of us together have agreed that this piece of paper has value, and therefore it does. It is a system standing on trust, not on some solid, unchanging reality.

💰 The same thing is actually happening with gold too. You can’t eat gold, you can’t breathe it, and yet the ego sees in it a strange kind of security. The reason is that the ego constantly wants something that won’t break, won’t change, and won’t be lost. Gold seems to offer a shiny answer to that inner incompleteness.

⚠️ This is where a common mistake creeps in. We start believing that gold or money has some real, permanent value, and that by accumulating it, inner insecurity will vanish. This is avidya, the belief that something outside can provide lasting security to the ego. Vidya is not about acquiring something new. It is simply about seeing that this entire search for total security is just a story spun by the ego.

👁️ Mere ‘seeing’ is not enough here. The intent must be clean too. A person may understand all this and still go on accumulating wealth with the same intensity, only now they give their fear a new, respectable name: prudence or wisdom. Real change begins when, along with clear seeing, there is also the intent to lighten this inner race, even if just a bit.

❓ “If all my bank balances and all my assets vanished today, would I still remain as I am right now?”

🌱 Money is necessary, systems are necessary. There is no dispute about that. The only question is, are we using money as a tool, or have we turned it into our entire identity and our sole source of security?

❓ Ask yourself today: how much of what lies in your vault or bank account is not money, but fear hidden away?

Question 1. What is the name given to the 1971 event when the US delinked the dollar from gold?

(a) Bretton Woods Collapse

(b) Gold Rush Reform

(c) Nixon Shock

(d) Dollar Reset

Question 2. Today, the value of most world currencies (like the dollar and the rupee) is primarily based on what?

(a) The country’s gold reserves

(b) Crude oil reserves

(c) Silver reserves

(d) Collective trust in the government and the central bank

Question 3. Under the 1944 Bretton Woods Agreement, the dollar was linked to which asset?

(a) Silver

(b) Gold

(c) Crude oil

(d) Diamonds

🔗 Source:

https://www.gold.org/goldhub/research/gold-demand-trends

Posted by Vidya-Avidya on Acharya Prashant App.

Many people do not understand that money should be a store of value due to currency consistently leaking purchasing power. The properties of real money are:

* Durability
* Divisibility
* Fungibility
* Portability

AND a store of value.

Only precious metals achieve this because paper currency that can be created out of thin by definition cannot store value. The most important property.

Source: White House on X. BTW it's back to being Persian Gulf.. and not Arabian Gulf; interestingly Qatar and Bahrain have completely been sunk or 'obliterated'. So, should you be wondering who (also) posts in from Trump's social account - check this video.

From this Washington Post article.

A key point comes from the first few paragraphs:

The U.S. national debt is likely to surpass $40 trillion this week, months earlier than forecasters previously expected in part because of billions of dollars in lost revenue from President Donald Trump’s invalidated tariffs.

The lost revenue has forced the Treasury Department to borrow more rapidly to cover the nation’s bills: Six months ago, the nonpartisan Congressional Budget Office (CBO) projected that total borrowing would top out at $39.4 trillion this fiscal year. But on Monday, Treasury reported that the debt stood at $39.9 trillion and counting.

The faster accumulation of debt comes at a perilous moment. An array of concerns, including inflation, the war in Iran and rising debt levels around the world, are driving investors to dump government bonds.

On Tuesday, the interest rates that investors demanded on 30-year U.S. Treasury bonds spiked to their highest level in nearly two decades. This year, annual interest payments on the debt are projected to top $1 trillion, according to the CBO — about the size of the Pentagon budget.

More rapid borrowing also means the next deadline for raising the legal debt limit is likely to arrive ahead of schedule. Just last year, Congress set the debt limit at $41.1 trillion. Budget analysts now say borrowing could hit that threshold by early next year, forcing lawmakers either to suspend it or raise it again to avoid the risk of an economy-shaking default.

——

Yes. It's because of Donald Trump that our debt is ballooning.

So. Much. Winning.

A few pictures of my diverse collection so far:

I do have a preference for coins and low premium items (I mainly buy coins now), but I do enjoy collecting the PAMP bars, most of which were bought relatively close to spot, aside from the cats. I don’t really buy jewellery any more, but what is shown in the picture was bought near spot when I became interested in gold and didn’t really have the money for proper bullion. At one point, I had a bit more jewellery, but I converted some of the plain bits to smaller coins and just kept the pieces that I like and ones with nice stones, which only cost me a fraction over spot when gold was much lower.

Source: https://www.kitco.com/news/article/2026-08-17/gold-has-been-bull-market-25-years-morgan-stanley-cio-wilson

I have finally reached 31 Grams....

I know that an ounce of gold is 31.103 Grams, but can I call this an ounce?