A letter from Jul 13, 2025

Dear FutureMe, There is only one reason countries hoard gold and that is not because they really believe it is money, it is because like a tank, it is one of the few currencies in war. In short, gold is for war. Gold is the best commodity for trade in war because of its density. Nonetheless it is just that, a commodity. Its value is driven like any other commodity by its supply and demand. Gold is valued in dollars not dollars valued in gold