I agree, but we must be realistic on this side of the world (South America). Most people only know about government money, whether it be their country's local currency or, at most, the dollar. A very small handful of people know about and have access to gold, mainly investment gold. Those who know a little about gold only own jewelry and other items to show off. These people are a very small minority. On this side of the world, there is no culture of good money and bad money, stores of value, or anything like that. Ordinary people are born and, in some cases, die knowing only one method of saving in their lives. āI work and keep my money in the bank,ā or another one I've heard recently, āI pay into a retirement fund with contributions until I retire, and then when I'm no longer working, they give it back to me in monthly payments.ā With the latter, my head š¤Æ exploded when I heard that.
I agree, but we must be realistic on this side of the world (South America). Most people only know about government money, whether it be their country's local currency or, at most, the dollar. A very small handful of people know about and have access to gold, mainly investment gold. Those who know a little about gold only own jewelry and other items to show off. These people are a very small minority. On this side of the world, there is no culture of good money and bad money, stores of value, or anything like that. Ordinary people are born and, in some cases, die knowing only one method of saving in their lives. āI work and keep my money in the bank,ā or another one I've heard recently, āI pay into a retirement fund with contributions until I retire, and then when I'm no longer working, they give it back to me in monthly payments.ā With the latter, my head š¤Æ exploded when I heard that.