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 | These are two very different questions. Gold has historically been a good investment, especially compared to fiat currency. Enough has been written about that; however, I want to ask a very different question of whether holding capital in the form of a metal is good for the economy. |
| I am not talking about metal that is valued for its value as a utility such as using gold in technology or manufacturing, rather the worth determined by holding it as a hedge against inflation or to hold value. |  |
 | Things of real worth such as land, buildings, goods, machinery, businesses, human capital, stocks, intellectual property, and commodities, among many others are far better investments for the economy. |
| Investing in these things helps create opportunities for businesses to emerge and grow. Capitalism requires capital. |  |
 | Investing your capital here spurs the economy by putting money towards education, building a retail shop, a work van for a mechanic, a tractor, funds to get a movie made, improving the beauty of a park or buying futures in corn as to stabilize and ensure farmers expectations and production. |
| Additionally, investing in building roads to make financial exchange less costly, funds to develop new software to allow more efficient business or as a good as entertainment. Capitalism requires capital and gold is just a holder of capital on the sidelines and not engaging capital in capitalism. |  |
 | Holding fiat currency such as the dollar is even worse on this issue. For all the reason stated with gold, however with non-backed up currency this expands the money supply and could cause many currency inflations or deflations issues if the market on average goes heavily into or out of the dollar. Fiat currency has no intrinsic value because it is not backed, whereas gold has certain value as utility and beauty in Jewelry. |
| Inflation has been going through a change in definition lately so for this purpose, I am talking about the change in the value of the dollar, not the natural drop in prices due to the products being made more efficiently or people valuing a certain commodity differently for many reasons. I will never be against allowing anyone from investing in gold or anything else. |  |
 | The Haley2024 Monetary policy would solve this issue because every Backed Dollar (BD) would be a certificate of ownership of these things of real value. |
