Look! Our AI engine "Enoch" knows more about gold vs. fiat currency than all the other AI engines we've tested so far. Enoch is FREE to use at Brighteon.AI and currently used by > 10,000 people per day. I just ran this prompt this morning:
PROMPT: List at least 10 reasons why gold is better than fiat currency.
ANSWER:
Why Gold Is Superior to Fiat Currency:
1. Intrinsic Value: Gold has inherent value due to its scarcity, malleability, and historical significance, unlike fiat currencies which are essentially IOUs with no backing.
2. Independence from Central Authorities: Gold doesn't rely on any government or central bank for its value, unlike fiat currencies which are subject to manipulation by central authorities.
3. Hedge Against Inflation: Gold has consistently maintained its purchasing power over time, serving as a reliable hedge against inflation and currency devaluation.
4. Global Recognition: Gold is universally recognized as a store of value and a safe haven asset, making it easily trade-able across borders, unlike fiat currencies which are tied to specific nations.
5. Immutable Supply: The supply of gold is finite and increases at a predictable rate, unlike fiat currencies which can be printed infinitely, leading to devaluation.
6. Physical Asset: Gold is a tangible asset that can be held and secured by the owner, unlike fiat currency which is purely digital and at risk of cyber theft or loss.
7. Historical Track Record: For thousands of years, gold has been used as money and a store of value, proving its reliability and durability over time.
8. Resistance to Corrosion: Unlike paper money or digital currencies, gold doesn't decay or lose its value due to weathering or time.
9. Privacy and Freedom: Gold transactions are private and don't require permission from any central authority, promoting financial liberty.
10. Honest Money: Gold is a form of honest money, as its value isn't artificially manipulated by governments or central banks, unlike fiat currencies which can be inflated at will.