The real gold in the traditional sense is that precious metal mined from the ground and made fashionable as jewels for ladies to wear. Ofcourse, men were greedy for gold too, not maybe for fashion but for it’s monetary value ,making it precious. We did, I think, have kings with golden crowns and swords, they even may have worn gold chains, bracelets and ornaments and he gifted gold coins too, as rewards for services done by people who impressed him with their talent - through their poetry, dance,music and other services, as many kings however mighty they might have been, were patrons of art. How, Lovely!!!
Gold may have been a legit money used to purchase goods. All this is from another era, centuries and centuries before.
There were Palace walls where precious rubies and gold elements were embedded into, and golden thrones of his and her highness . All this thought is alluring and fantastic, it would tempt you to read some stories that have all these grandeur element(: , which seem larger than life.
One that comes to my mind, is Lord of the Rings(LOTR) story remember that golden ring, the one ring of the dark lord that would control everybody in the world -
“One Ring to rule them all, One Ring to find them,
One Ring to bring them all, and in the darkness bind them”
Then we had Gollum creature in the story who only had one precious in his life which is the above golden ring that ruined his life and converted him from a normal happy lovable person who enjoyed life to a most despicable, disgusting evil creature, who killed his best friend to get that golden ring. Makes one shudder, but that creature is funny too, loves riddles and when its fishing sings fish song It goes like this -
"Rock in the pool
So nice and cool
So juicy sweet!
Now we wish
To catch a fish
So juicy sweet!"
The corrupted ugly gollum’s english became inferior, judging from the lines of the song. Anyway!!!
And then we have another gold quoted verse on Aragon in the Lord Of The Rings story, his normal name is Strider
"All that is gold does not glitter,
Not all those who wander are lost;
The old that is strong does not wither,
Deep roots are not reached by the frost.
From the ashes a fire shall be woken,
A light from the shadows shall spring;
Renewed shall be blade that was broken,
The crownless again shall be king."
Wow… I enjoyed LOTR stories from the book not the cheap versions in the films, they are mesmerizing with verses and lores, songs, adventurous, joy, friendship, chivalry and so many things!!!...
So that’s gold used as a metaphor to mean something really pure, precious, attractive that can absolutely convert otherwise fine people into evil and mean people who completely lose their good, honourable self.
Remember in “The Hobbit”, Dwarf King, Thorin Oakenshield went mad with ‘Dragon sickness’ and ‘Gold Fever’ seeing all the gold in the cave at Lonely Mountain guarded by that cunning, evil and gold possessive Dragon “Smaug”.
The one jewel Thorin coveted was the Arkenstone -
"It was a globe with a thousand facets; it shone like silver in the firelight, like water in the sun, like snow under the stars, like rain upon the Moon!"
See that!! , gold stuff is so mesmerizing, like weaving sweet lines from heart to impress lover during romance almost as lot of beautiful verses are made on it!!
And in The Hobbit there is mention of a silver coat made of Mithrill that Thorin, before he was afflicted with 'Gold fever' fully, gave as a gift to dear Hobbit burglar, Bilbo Baggins who did the task of stealing jewels for the dwarves from Smaug dragon’s cave or dungeon whatever you may call it
" Mithril! All folk desired it. It could be beaten like copper, and polished like glass; and the Dwarves could make of it a metal, light and yet harder than tempered steel. Its beauty was like to that of common silver, but the beauty of mithril did not tarnish or grow dim."
Adding one more verse from the Hobbit that talks about the quest of the Dwarves to seek their long forgotten gold… There is some history narrated in the second part, which is a flashback from that time when the dwarves ' City and Civilisation was destroyed by Dragon Smaug.
"Far over the misty mountains cold
To dungeons deep and caverns old
We must away ere break of day
To find our long-forgotten gold
The pines were roaring on the height
The winds were moaning in the night
The fire was red, it flaming spread
The trees like torches blazed with light"
Ohh, these rich verses, so priceless having such grand beauty. BTW, all these verses of jewels taken from descriptions of them given in 'The Lord of the Rings' and 'The Hobbit' stories, both written by a genius, JRR Tolkien. There was a time when I used to think that the book of LOTR looked like a unique historic bible, because the book is really fat, worth reading though and living the story, way more entertaining than watching movie!!
However personally, gold, though has monetary value is not worth it, taking it as a jewel, because it is procured by damaging our environment through mining. Mining weakens and disturbs earth’s soil, and causes chemical toxins of metals to be released into river beds, forests etc polluting our precious and fragile ecosystem. I have read mining causes earthquakes and tsunamis!! I am serious, google it. So, I don’t want any gold jewel.
However, I can understand people wanting to invest in gold and silver or equivalent of it, so they build wealth over time as the value of these metals increases due to appreciation over the long term!!
So, interested investors can invest in Golf Etfs, or silver ETFS but I would rather invest in my kind of gold and silver(: - BTC, beloved Bitcoin and LTC, silver , I consider them digital gold and digital silver and I value them as they don’t directly harm the environment. They have more uses than gold as you can transfer BTC/LTC as payment doing monetary transactions as well instead of our fiat money; the soverience currency controlled and manipulated by Govt. and central bank authorities.
BTC too has appreciated in value in time, from the time it was created in 2008 or 2009, it’s increased exponentially, more than returns you would have got from most stocks. For the next 3 years, I see BTC as digital gold as it has properties akin to gold as a store of value, and it is also scarce got through mining. There is a fixed supply of BTC and as bitcoin miners mine it, this digital currency becomes more scarce, so it’s value appreciates as it remains in demand. It’s solid gold, remember the days how… nevermind, I was imagining how beautiful a bitcoin code would have looked to a blockchain enthusiast of earlier times , I can’t imagine that because I don’t know nor understand coding(:
BTC has a monetary structure as it’s designed to have inflation over time with the Bitcoin halving event happening every 4 years, where in, a BTC miner’s reward gets reduced to half, so BTC miners mine less of BTC reducing the supply of this digital currency driving its price up. The next BTC halving event happens on May 2020. Finger’s crossed, maybe, maybe, maybe… big price rise then, never know!!
Now, ending with making certain things clear, shedding some wisdom -:
- Don’t be too greedy.
Yup we keep shouting about this going up and that, but you should invest after you learn about the financial product, doing some analysis, and putting money that you can afford to lose… Don’t expert to get rich soon, and get that impatience rush within you, wait, see the prices, try to buy when prices are low, instead of buying when the price has risen exponentially and you missed the rally. It’s ok!!!
For ex, you should have brought BTC when it bottomed out at 3600$, you missed that then when it recently came down to 7,400 $ to 8,000 $ levels you could have brought it. But, I think you can buy now, at 9,100$ instead of panicking when this coin starts flying to 10,000 $. Agreed, missed opportunities, but there is still opportunity to invest and get profits as the general trend for cryptos is bullish in general.
- BTC may be costly, it’s not the only crypto you can invest on.
There are other cool blockchain projects that are cheaper than BTC, check them out, they are at low prices, and when they go up, they perform better than Bitcoin - ETH, Link, VeChain, Dash, Neo and more. Don’t invest in shit coins, invest in coins that have a good team, are doing development work, have some use cases.
- Be smart
Be smart use master card, kidding!! … I mean see, why not check up platforms or Defi applications that earn you cryptos. Steemit platform , you can earn Steem, which too has great potential, as it has features like smart contacts and you earn other cool tokens, Steemleo, cat token, photo token and what not. So, get creative and post nice things on Steemit, there are too many things in Steemit, Dtube and more, check them out… I know you can earn some cryptos by posting in Publishx too!! Keep at it, whether you earn anything or not, don’t be impatient.
- There is brave browser which earns you BAT tokens, if your website or youtube channel is registered to get tipped by viewers, over time you can earn BAT tokens.
- Why not check out those wallets like compound and celsius, where for your crypto deposits, you can earn interests in cryptos. There are many Defi applications that lend cryptos from your deposits for which you earn interest. Cool is it not?
And lastly guys, be happy. See all this money is a means to an end, it’s not an end in itself. You think money has more value than happiness, living your purpose, doing stuff you love, having adventures, spending quality time with people that mean something to you? Just pointing things out, keep doing exciting things like crypto and wishing all of you great wealth, abundance and happiness along with sweet peace and wisdom that comes from experience!!