AAAU - Gold Is Money The Dollar Is A Gold Substitute And Fiat Currency Is Impossible

• Austrian Economist FA Hayek said his one discovery in economics was the idea that the price system is essential as a guide to enable people to fit into an order.
• His teacher Ludwig von Mises traced the origin of prices back to the monetary nexus point when gold and silver evolved organically as money from a system of barter.
• Everyone wakes up in the morning having an idea of what prices are, based on what prices were yesterday, and so on back to that monetary nexus origin point.
• It follows that the entire notion of fiat currency is logically impossible, and the only thing that gives gold any value is its continued exchangeability with gold. The dollar isn't fiat. It's a gold substitute.
• The gold window is still open, the dollar never went off the gold standard, and the only way to end inflationary finance and demonetize the dollar is to buy physical gold now and close that window for good.

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