- Introduction - Gresham’s Law
- Delta from appreciation to loss of purchasing power
- Above ground gold stocks remain constant over history. Gold mining throughout history occurs only when it is profitable to mine gold so there is never a surplus or saturation (the opposite of paper money) and throughout history tracks human global population in a steady curve
- Arriving at Fundamental Value of Gold with logic and math

**Introduction - Gresham’s Law**

Gresham's Law states that the bad money pushes out the good money from circulation. This is playing out live today for those paying attention.

**Recent Historical Example Here in USA**

In the mid-1960s, the US Mint, under the direction of the Department of Treasury and Federal Reserve, removed silver from dimes, quarters, and half dollars. Once they introduced the copper-clad equivalents (debased), the good money (silver coins) started being collected by the people paying attention (it took a while), and as the inflation of the 1970s intensified, all the silver coins were almost entirely out of circulation (into private collections) leaving only the copper clad substitutes for silver.

**Result**

Today, one dollar grouping of these pre-1965 silver-based dimes, quarters, and half dollars is worth between $18 to $20 (in junk silver) whereas the copper-clad (silver substitute) coins are only worth their existing face value of $1. Most importantly, due to the dollar losing purchasing power, this dollar is now worth about 15 cents.

Let's discuss further the difference between 15 cents and 20 bucks.

**This gives us further insight into how the Parasitic class F*cks over the villagers by debasing the currency. ***Moreover, in 99.9% of the cases currency debasement is necessary to pay for unending wars that the villagers would not vote for.*

OK, what is the difference between 15 cents and 20 bucks?

- The delta appreciation in magnitude is the change in value expressed as a percentage of the original value.
- To calculate this, we first need to find the difference between the original value and the new value
- $20 - $0.15 = $19.85
- Next, we divide this difference by the original value and multiply by 100 to express the result as a percentage
- ($19.85 / $0.15) x 100 = 13,233%
- Therefore, the delta appreciation in magnitude is 13,233%.
- In other words, the value has increased by 13,233 times its original value.

**We can apply this same math to what is going on with the US dollar today.**

**Gresham's Law on the World Stage**

According to the World Gold Council, the above-ground inventory of gold in the world as of August 4, 2023 is estimated to be **208,874 tonnes**.

This includes gold in all forms, including jewelry, bars, coins, and central bank reserves. The breakdown is as follows:

- Jewelry: 95,547 tonnes.
- Bars and coins (including gold-backed ETFs): 46,517 tonnes.
- Central banks: 35,715 tonnes.
- Other: 31,096 tonnes.

There are 32,150.75 troy ounces in a metric tonne. To convert from metric tonnes to troy ounces, you can use the following formula:

- Troy ounces = metric tonnes multiplied by 32,150.75
- 32,150 (Troy ounces per Metric Tonne) multiplied by 208,874 equals 6,715,299,100 (Troy Ounces of Gold in above-ground stocks.)
- So there are 6.7 billion troy ounces of gold.
- Global debt has reached 307 trillion.

**Fundamental Value of Gold**

- 307 trillion divided by 6.7 billion Troy ounce of Gold equals $45,821 per Troy Ounce.
- Today’s paper price of Gold is $1,829 per ounce (denominated in US dollars losing value at alarming rate)
- 45,821 is 25 times greater than 1828.
- We can find this out by dividing 45,821 by 1828

45821 / 1828 = 25

**Fact Checking Pixy**

- recall earlier in this article I stated Gold inventories track World population. 6.7 billion troy ounces above ground Gold.
- 6.7 billion troy ounces is equal to 7.4 billion ounces
- As of October 4, 2023, the estimated world population is 8.1 billion people
- Thus Pixy is within the margin of error
- Invest accordingly