➡ Rafi from The Endgame Investor discusses common misconceptions about gold and silver. He explains that these metals don’t store or represent anything, they are just metals whose value fluctuates less compared to other commodities. He also clarifies that we didn’t go off the gold standard in 1971, as the dollar is still backed by gold. Lastly, he emphasizes that money is not an invention, but the most liquid commodity in an economy.
➡ The text discusses the nature of money, arguing that it’s a real thing or a mental representation, and that Bitcoin, while having some characteristics of money, doesn’t truly exist. It also states that money and barter are not fundamentally different, with money being a more liquid form of barter. The text also discusses the demonetization of silver in 1873, arguing that it didn’t change silver’s nature as a metal, but rather shifted demand towards gold. Lastly, it discusses the potential of Central Bank Digital Currencies (CBDCs), arguing that they are not fundamentally different from the current digital dollar and cannot replace a collapsed dollar. The text concludes by stating that gold and silver will remain as the ultimate forms of money, especially in the event of a credit system collapse.
➡ Buying gold and silver isn’t an investment, it’s a way to step away from the debt-based system. If you own a currency, you’re investing in its central bank. The only way to fully divest from central banks is to acquire money itself, like gold and silver. As the credit system collapses, those who own the most liquid assets will have the most ability to acquire capital systems.

Hey guys, Rafi here from The Endgame Investor and a subscriber reminds and suggested that before The Endgame I do a top 10 video. So I’m going to do the top 10 myths that people believe about gold and silver or the top 10 mistakes people make about gold and silver. Some of these are going to be related to others. I picked 10 as an arbitrary number because humans happen to have 10 fingers and we count in base 10. If you only have 9 fingers and you count in base 9 well then you can skip one or pretend that the two most related are really one or whatever it is that you want to do.

And with gold and especially silver going parabolic, the gold and silver ratio descending towards 15 to 1. I don’t think it’s going to get there immediately but we’re on the way there. And the endgame appearing to be imminent and going to happen in 2026 at some point. I figure now is as good a time as any to get this video out. So let’s do it. The top 10 mistakes or myths people believe or make about gold and silver. These include both credit enthusiasts and gold and silver stackers both make the same mistakes. And this top 10 list is brought to you by my substack endgameinvestor.substack.com where you can find articles related to this top 10 list.

All the links to those articles that relate to them talking about now are in the description below. You can also get a dirty man safe. Use the code endgame10 at checkout. You take it, you bury it in your backyard, you put your gold and silver in it. Obviously you put your gold and silver in it before you bury it because then you won’t be able to put your gold and silver in it if you already bury it because safes are dangerous because they’re obviously storing valuable products whereas they can’t find or would even think that you have a dirty man safe.

Check the link in the description below and use code endgame10 at checkout for 10% off. And finally get your gold and silver while you still can at Myles Franklin. Link in the description below and mention the endgame investor. I heard from Andy Schechman that these silver inventories are starting to sell out. Anyway, here we go. Myth number one. Gold or silver represent or store value or wealth or energy or anything other than themselves. Gold and silver are metals. They don’t store or represent anything. Money doesn’t represent anything. It doesn’t store anything. It doesn’t store value and it doesn’t store wealth.

It is a liquid commodity which means it’s price relative to other commodities fluctuates the least of any material in the world. Money doesn’t store value. It just fluctuates very slowly relative to all other things that a human being may need. And there are obviously reasons for that because of its physical properties but that those don’t really matter. They are what they are and because of those physical properties the value of these things fluctuate the least. That is what we call a store of value but gold and silver don’t store anything nor do they represent anything.

What represents something is credit. Credit is an invention that represents money. If I give you a note saying that I owe you money which is gold and silver then that note represents my debt to you and it could represent it honestly. It could represent it dishonestly. Either way I have to give you what I owe you in money and the money itself represents nothing. It just itself just as oil doesn’t represent anything or wheat doesn’t represent anything or lumber doesn’t represent anything. It’s just used for things because we need it as human beings.

A bottle like the bottle behind me stores wine or liquid. Gold doesn’t store anything. It’s just a metal. It’s just atoms and the value of those atoms fluctuate the least relative to all other things that human beings want or need. That’s what makes it a money. Myth number two. We went off the gold standard in 1971. No we did not. The dollar is still a note for gold. The technical reason is that gold still exists on the Federal Reserve’s balance sheet and the dollar is still a liability unit of the Federal Reserve.

By definition that’s what it is. Underneath all of the debt that exists on the Fed’s balance sheet which issues the dollar there still is a pile of gold. There are gold certificates. The gold certificates yes they represent gold but the gold itself assuming that it’s there is still backing the dollar. The debt is on top of that. The reason that you can’t go off the gold standard that it is impossible is because of the monetary regression principle or Mises’s monetary regression theorem as the Austrian school economists call it. That means that prices have a certain meaning.

They convey information. With that information we engage in a division of labor. The division of labor makes everyone know what they’re supposed to be doing that day so that we don’t end up in a zombie apocalypse. The only way for prices to maintain any semblance of reality is for them to be linked to the past. The only reason that you know what you need to do today is because you know what you needed to do yesterday and so on and so forth into the past. At some point in the past a dollar was issued in representation of gold representation of or storage of gold which was the original money.

The dollar continued from that chain and that chain continues today. Every time there’s a big bump in the chain there’s a big economic hyperinflation or depression something like that but at the end of a hyperinflation you always go back to gold or silver and at the end of a deflation gold to dollars or gold to whatever currency it is gets revalued. For example in 1933 it was from 21 to 35 and that was a huge bump in the road but you can’t go off the gold standard. It is impossible what the dollar can do if the dollar goes off the gold standard you stop using dollars.

Fiat enthusiasts they like to tell me well gold isn’t money because you can’t use it in exchange for things directly. Well I say yes that’s true. Dollars are the required derivative of gold that you use in a store in exchange for things but if you go to a store and you try to acquire things with dollars if those dollars have no gold value meaning there is no exchange rate between those dollars or that currency whatever it is and gold then nobody will accept the dollars. When you trade dollars for something you are trading the gold value of those dollars for that thing if those dollars or that currency has no gold value is valueless and it cannot be used for anything.

The gold window is still open we have not gone off the gold standard when we do meaning there is no longer an exchange rate between any amount of gold and any amount of dollars the dollar will cease to be a credit derivative and it will die and nobody will use it anymore. The goal of all stackers should be to end the gold standard once and for all so that nobody is able to use dollars anymore so that everyone returns to money so that the government can no longer inflate the dollar supply and thereby suck gold value from us the citizenry and make itself richer by the process of thieving from us.

The gold standard has not ended the goal is to end it and start over. Myth number three three three three money is an invention no it’s not gold is simply the most liquid commodity that exists it is a natural substance it happens to have liquidity because its value changes very slowly relative to everything else in the world that’s why it’s money. Money is not an invention just like diamonds are not an invention or the blackest thing in the universe is not an invention it’s just a black thing diamonds are not an invention they are just the hardest thing money is not an invention it’s the most liquid thing what is an invention credit represents a debt of money money is a natural thing it’s the most liquid commodity in an economy and that’s what makes it money you can use a religious analogy here there is one god now you could build a statue to represent god and then put in your head all of the features that this god would have for you in your mind it could be all powerful it could be all forgiving it could have big biceps or whatever you want to think that it has but that’s all in your mind it’s not real the statue that you built represents something that’s in your mind so too if you try to invent a money which is impossible you can create credit you can invent credit on top of money you cannot invent a money out of nothing that is like idolatry and imagining that a statue has certain traits that you want to put on it that it doesn’t actually have am i calling money god certainly not but i am saying that money is a real thing or as credit is a representation in our minds as long as it represents not as money it’s a good thing when you’re lying about it and it represents nothing it either doesn’t work or it inflates and it steals from people if we were to take bitcoin for example bitcoin pretends to have all of the characteristics that a good money has divisibility fungibility whatever ability it’s even better than gold in all of its imagined characteristics the thing is it doesn’t actually exist there’s nothing there it has no traits at all except for what people imagine because once you get to the actual bitcoin there’s nothing there it’s all in people’s minds it is not a money it is a derivative of a derivative of a derivative of money money is gold and silver which represent nothing but themselves myth number four four four four money and barter are fundamentally different from each other no they are on a continuum barter is simply the trade of one thing for another thing money is also barter it’s just barter of one less liquid thing for one ultimately liquid thing or the most liquid thing that’s what makes it money so barter is on the same continuum the same spectrum as all barter transactions it’s just easier to do because the gold is more liquid so you can divide it and you can fung it or what’s the word for fungibility and you can store it and it doesn’t go bad and all these physical characteristics that make it more liquid that’s why people use it nobody invented using gold people just started doing it and realized that it works better than trading other things directly for other things directly especially if those things are consumable and the thing that you want goes bad or the other guy doesn’t want the other thing that you were trading nobody invented this it just happened because it works just like nobody invented diamonds people just started wearing them because they were hard and shiny and nice myth number five five five five silver was demonetized in 1873 no you cannot make a money a non-money silver’s nature as a metal was not changed in 1873 it’s the same metal it was back then it will be the same metal long after we’re gone it will not change so what happened in 1873 a law was passed that the government would no longer be exchanging its credit or the banks would no longer be exchanging their credit notes for silver only for gold so that cut off a lot of the demand for silver the monetary demand for silver in favor of gold and truth be told gold money is more stable than silver money because gold is more liquid than silver at least gold derivatives honest gold derivatives if they represent honestly gold then they are more liquid than silver itself but that doesn’t mean silver is demonetized it just means that its monetary demand is now masked by gold derivatives but when those gold derivatives no longer work because they’ve been so inflated above the gold supply that nobody trusts that they represent any amount of gold at all the monetary demand for silver will reassert itself suddenly because if no gold derivative works there is nothing else you can use to divide goods and services on a retail level but silver itself and that appears to be what is happening now and why silver goes parabolic every now and then as gold derivatives tend to die out it almost died in 1979 1980 but folk were able to jack interest rates up to keep the gold derivative alive but this time they won’t be able to and silver will keep going up and up until its dollar equivalent is undefined and we go back to silver coins out of necessity to maintain whatever remains of the division of labor before a zombie apocalypse ensues myth number six cbdcs will enslave us all that is impossible cbdcs are not any different from the current digital dollar most of the dollars we use are digital cbdcs are just another form of digital dollarness as we talked about the monetary regression principle all prices have to be indexed to the past or they make no sense at all and if they make no sense at all there are no prices and therefore there is no division of labor so any cbdc that has to be instituted or that will be instituted and i’m not doubting that they will try they will be based on the current price structure which is based on the current digital dollar which economically is the same thing as the cbdc the cbdc is just much less privacy because they can track every single transaction they can track most transactions today which is why they’re trying to outlaw cash which is the only thing they can’t track but anyway if the dollar collapses and the pretext to building up a cbdc network or activating a cbdc network is because the dollar lost all value now we have to go to cbdcs that is impossible because you’re talking about building another floor on a collapsed pile of rubble the pile of rubble will be the dollar this digital dollar that we’re currently using and the cbdc would have to be built on top of that because of the regression principle that states that all prices must be indexed to the past but if prices make no sense in dollars because of hyperinflation they will make no sense in cbdcs either the cbdcs will be worthless and the people will go to gold and silver out of necessity because they don’t want to starve governments do not have any control over societies that are hyperinflating because governments depend on the division of labor they feed off of it that’s where they get all their resources if the division of labor breaks down the government breaks down and cbdcs cannot save them it will not work at all myth number seven what happened to seven just kidding money used to be gold but now it’s debt no money is still gold it’s still on the balance sheet the debt did not replace the gold dollar it’s just built on top of it you have a huge mountain of debt the mountain of debt does not float in the air it rests on some foundation that foundation is gold the gold is still in the fed’s balance sheet the dollar is still gold at 42 22 an ounce money is not debt credit is debt literally credit is debt because if i credit you one dollar you are in debt to me one dollar by definition credit and debt are the same thing from other sides from other perspectives from different perspectives same different side of the same coin as literal as you can make that money is not debt credit is debt credit did not replace money it’s built on top of it we are not in a debt-based money system we are in a debt-based credit system and gold is still money when credit no longer represents money the credit will be worthless the money will remain and everyone will have to use whatever money they can find or whatever money they have or be ejected from the division of labor until they can figure out how to earn it myth number eight the dollar in the end game will be replaced by some other currency maybe the euro maybe a bricks currency maybe the ruble maybe the shackle maybe the iranian whatever it is no none of those will replace the dollar because all of them are derivatives of the dollar we are in a dollar-based credit system which is on a gold-based money system the dollar backs every other currency on the planet because in the central banks of other currencies is a reserve of dollars it’s as literal as you can make it if the dollar collapses all other currencies collapse with it because every other currency is based on the dollar the only thing that remains is gold and silver once the dollar collapses there will be no currencies in the immediate aftermath it will build them up later based on a new credit system which will again be based on gold and silver hopefully this time more honestly but that’s going to take time in the immediate aftermath there will be no currency replacing the dollar it will simply be gold and silver that’s it myth number nine you will never use gold and silver coins in trade ever again false when the credit system collapses because credit unlike money is an invention there will be no choice but to use gold and silver directly in trade no credit will be trusted all you will be able to do is use gold and silver coins in trade mostly silver because gold will be way too valuable but yes there will be a point in the immediate aftermath of the endgame perhaps for a few months perhaps for a year i don’t know exactly how long but the only thing you will be able to trade for goods and services are gold and silver coins otherwise you can barter and you might be able to sell your house for a week’s worth of food or trade your house for a week’s worth of food but since houses are not very liquid and gold and silver are you’d much rather trade a few dimes for a week’s worth of food than an entire house because then you won’t have anywhere to live and put your food and myth number 10 namely that you can invest in gold and silver that investing in gold and silver is a thing no it’s not gold and silver are not investments they are money money is what you invest in other things buying or acquiring or trading your credit meaning your dollars or whatever currency you use trading your credit for gold and silver is not investing it’s divesting the system that everyone is stuck in is a debt slash credit system in order to get out of that system to divest from it completely you have to get out of the bottom layer of credit which is dollars itself if you own a currency you are invested by virtue of owning that currency in the central bank issuer of that currency if you own dollars you invest in the fed if you own euros you invest in the ecb if you own shekels you invest in the bank of israel and most of these central banks by in turn invest in the fed because they have dollars in their balance sheet that’s why it’s a dollar based credit system the only way to divest completely from central banks is to acquire money itself and then what happens is as the credit system falls apart and credit loses all purchasing power all of the stuff that existed before the credit structure fell over still exists the day after and so therefore all of the purchasing power moves away from credit towards money and those who own the most liquid commodities in the world will have the most liquidity and the most ability to acquire all of the capital systems that were being maintained by the credit system that is about to fall over and die we’re running out of time the end game is coming i don’t know what silver will be tomorrow i think we crossed 81 or 82 yesterday it could be 85 to 100 any day now who knows where the interim top will be no i don’t think we’re quite in the end game yet but once the next banking crisis hits and we embark on the final printing round which we started because kiwi did start but we’re not in full gear yet once we are in full gear on the final printing round the end game will be directly afterward i don’t know how much time we have but it’s not very long so divest from the system now get your money with miles franklin bury it in a dirty man safe code end game 10 i check out for 10 off check out the end game investor on substack link to all of the articles where i go into all of these myths in the description below and you can also become my patron on patreon for as little as three dollars a month just to keep the peanut gallery out and trolls out i don’t look to make any money on these spiritual lessons the last thing we did was on slavery and how governments enslave their people how it’s always the same tricks over and over and over again nothing ever changes if you want to know how and why government behaves and does what it does it’s all in the torah check out the patreon in the way Are you any champion of the world? Offer me everything I ask for.

Anything you want. I want my father back, you son of a bitch. Thank you for watching!
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