The author speaks from a fiat perspective, a dying paradigm where debt currency will shift from "money" to a easure for gold in real-time. Keep in mind that we price in currency ……. for now. There must be a bridge between "kingdoms". Follow the script.

Gold has little utility value, true, but this is what makes it so valued as a form of money. Should a society consume that which they choose to use as money ??? If gold had absolutely no utility value, whatsoever, it would be an even superior form of money in comparison with the current reality on the basis of supply applications for the sake of even better stability. Its role could be exclusively dedicated, which would be pretty much perfect.

Gold money systems only had one drawback from the past. Poor liquidity. They were logistical issues of distribution. Gold , in of itself, stands innocent. Now that gold title, by weight, can be/has been digitized and distributed in an instant, gold backed digital currency has married the concept of store of value with instant global liquidity with the simple click of a mouse.

The market will monetize gold. It's part of the "script" in shifting paradigms away from hierarchical structures such as gov't and central banking. Their job in creating the "completion of capitalism and free markets" is to simply carry the stick (inflation).

You can come to gold bt the carrot or be driven by the stick. Choose wisely. The destination is the same.

Gold is ready to be money again as the logistical challenges of gold have been overcome due to two huge distributive evolutions. 1) The advent of a floating relationship. The peg had to be removed. 2) The ability to digiotize weight and split the gold's increased trade value by transfering weighted title. Keep it simple.

Does anyone care to trade a red widget for a blue widget now ?

Ramifications please.