Why do you have to wear gold?
Posted On June 17, 2021
I’ve been a gold-phobe my entire life.
I’ve watched my parents struggle to keep their jewelry, my grandfather and grandmother struggle to pay for it, and my great-grandparents, who are still struggling to pay their bills, constantly struggle with their finances.
I’m not alone.
And yet, despite all that, I wear it with pride.
Gold is a symbol of power, and when it comes to financial matters, power can be as deadly as gold.
As we prepare to mark our 50th anniversary of the founding of the United States, we are reminded of just how much wealth is created in our country by those who have earned it.
According to the Bureau of Labor Statistics, there are approximately 16.8 million Americans working in the financial services industry, which is responsible for nearly a third of the U.S. economy.
In fact, as of the end of 2017, more than 80 percent of all U. S. households own at least one financial product, and almost 70 percent of those individuals are earning a living wage.
I think about this everyday.
And I want you to understand why.
Gold is an asset that’s been in the news a lot lately because of a recent Supreme Court decision that overturned a key provision of the Dodd-Frank financial reform law that had made it difficult for banks to raise capital in a way that could create more jobs.
It was the result of a lawsuit filed by Goldman Sachs and other financial services firms in which a group of former employees of the bank were attempting to raise $100 million by creating a new investment bank with their own money.
The plaintiffs claimed that the new investment banks were not able to provide a safe haven for their customers, as the bank was required to do by the Dodd Frank law.
In their lawsuit, they also argued that the bank could not have a market-clearing vehicle to provide its customers with liquidity in the form of loans, which was required by the law.
The Supreme Court, in a 5-4 ruling, said that this was not a case of banks taking on risk on behalf of their customers and that there was no basis for the plaintiffs to seek to create a new bank.
But the case is still very much alive and well.
The banks that are the biggest banks in the country still need capital, and as long as they can’t raise capital, they can still lose money.
As the Supreme Court made clear in its decision, they need to be able to borrow at a reasonable rate and then lend it to their customers.
So why do we need gold?
Gold has been a symbol for wealth creation for centuries.
In 1602, the French philosopher Jean-Jacques Rousseau wrote a book entitled, Des mouvements des éléments du temps et du tempe, or The Three Kingdoms of Gold.
This book, which he published in 1772, is widely considered to be the first work to explore the role of gold as a medium of exchange.
He posited that gold could provide a medium for transactions that could be conducted between two parties in a society that could not afford both money and goods, which would be analogous to the current situation today.
Gold, in this scenario, would be used to buy the services of people who were willing to sell their goods to a third party.
In addition to being a tool for economic activity, gold has also been a great medium for religious worship, particularly since the invention of the Bible.
When the prophet Isaiah saw the gold of the people of Israel on the ground, he said that it was the “precious metal of Israel.”
This idea of using gold to buy people in need has been passed down to the present day.
And it is not just in the Bible, either.
The Hebrews used gold in the temple, which housed their sacred tablets and other sacred objects.
These gold coins were used to pay priests, and even the ancient Egyptians used gold as currency to purchase goods.
Even today, the United Nations considers gold to be a global reserve currency, and in the United Kingdom, the gold reserves of the Royal Mints of England, Scotland, and Wales is valued at more than $200 billion.
Now, there’s also a long history of religious devotion to gold in American culture.
Historian Stephen M. Littman, who has written extensively on gold, points out that, as recently as the 1600s, people of the early American colonies believed that gold was the ultimate currency of the world.
Many of the colonists, particularly those who worked in the colonies, were also superstitious about gold, and they thought that the coins of the British Crown would be replaced with coins of their own country.
“Gold was the universal medium of payment for trade, and it was also a symbol, a symbol that people associated with God and God’s will,” he said. What’s