Gold has been a store of value for thousands of years
Gold was and is perfectly suitable, because it has special chemical properties. It is malleable and easy to work with compared to other metals. And it is easily divisible, also it is the metal most resistant to corrosion and oxidation. Gold is yellow in color, so it is easy to identify. Therefore, it served as a store of wealth for the ancestors for about 5,000 years.
This gives us the idea of using the Lindy effect as an argument in favor of gold. This states that the life expectancy of some things is in proportion to their age. This concerns non-perishable things such as food. The Lindy effect exists, for example, in ideas, technologies, and fads. In the case of gold, the Lindy effect means that if it has been used as a store of wealth for 5,000 years, it will continue to be so for another 5,000 years. Basically, the Lindy Effect states that every year that a thing experiences without going extinct, the additional life expectancy increases. It is usually assumed that the Lindy effect is correct for only half of the time.
Some also deny the Lindy effect, but in the case of gold this is also not of decisive importance, because gold is now unique and does not need a Lindy effect for its existence and significance, it will always be in demand. Not because it has been doing its job for 5000 years, but because it is simply unbeatable as a monetary asset. Today, instead of physical gold, you can bet on the companies that can get the precious metal out of the ground, such as Victoria Gold or Condor Gold.
Victoria Gold - https://www.youtube.com/watch?v=kIPDPYc2Ca4 - will produce an estimated 180,000 to 200,000 ounces of gold this year. The Eagle Gold Mine in the Yukon scores with low mining costs.
Condor Gold - https://www.youtube.com/watch?v=BRXaPcqHDHI - is not yet producing but has very good drill results for its La India gold project in Nicaragua. The environmental permit has been obtained and the bankable feasibility study is being worked on.
Latest corporate information and press releases from Victoria Gold (https://www.resource-capital.ch/en/companies/victoria-gold-corp/).
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