Why Bitgold

BitGold's mission is to provide global access to invest in gold for
secure savings and transactions, making an extraordinary element
useful and empowering again.Technology and progress are essentially a
history of experiments with elements, and of experiments in
cooperation.At BitGold we believe that cooperation and investing in
gold as a unit of elemental-measurement promotesa more equitable
distribution of wealth and opportunity, and aligns prosperity within
the natural limits of our planet. In an age of rapid change and
limited opportunities for secure savings, we contend that saving and
investing in gold can empower individuals and foster cooperation.By
reexamining the elemental properties of gold, it becomes clear that
gold provides a globally neutral, natural unit of account in relation
to all other elements required by humans. The scientific properties of
gold in our natural and human systems reconciled independently over
thousands of years. We ask you to consider an alternative view of
gold's usefulness, one absent the emotive politics of money, fear and
greed.Elements, Oxygen, TimeEverything known to exist in the universe,
onthis planet, and even life itself can be broken down to92
naturally-occurring elements, thebasic building blocks of
everything.The elements, or combinations of elements (compounds) most
desired by humans become knownas natural resources, or natural
resource commodities. All industry on planet earth, from farming to
manufacturing to technology is based on the consumption of these
resources; agricultural, fishing and forestry products, hydrocarbon
energy sources, and metals. Oxygen is the third most abundant element
and enables life, but also reacts with many ofthe compounds we
require, eventually destroying these resources through cycles. Over
time, oxygen causes nearly every commodity to rot,tarnish, rust, or
oxidize, establishing an expiration date or finitelife for most of the
things we consume.The finite life of most compounds means that we
cannot save what we need to survive beyond a limited period of
time.Gold - The Rarest, Immortal Commodity Of the 92 naturally
occurring elements, eight are known as the"noble metals". The
elemental particles making up these eight elements are organized in a
manner that makes the mun reactive with air, or "immortal"as pure
elements. Put differently, the oxygen, carbon dioxide, and gases that
make up our air have no tarnishing effect on these elements through
the life cycles of humans.Of the eight noble metals, only four became
broadly employed as commodities: gold, silver, platinum, and
palladium. Of the four,gold is the rareston earth and visually
discernible due to its color and purity.In day to day life gold
israrely preferred over other basic elements or immediately necessary
commodities. Grains are more useful as food, energy sources forheat
and transport, industrial metals for shelter, tools, and to distribute
electricity and data. None of these daily commodities last over long
periods of time in their most useful form however; they are costly to
store, costly to transport, or costly to reconfigure if they can be
repurposed.These perishable compounds and commodities do not last
throughout the life of an individual either; a younger, physically
able person cannot save the essential commodity surpluses for later
and less able years.Therefore, the storage and movement of the basic
elements we need requires cooperation, and gold has been an important
part of this cooperation through out history.We'll explain how, but
first we need to know a little about its cost and value. Opportunity
cost and gold Because gold is substantially rarer than the elements
and compounds we need to survive, producing gold requires humans to
forego production of the more immediately necessary or desired
elements or resources.As an example of this opportunity cost, humans
dig up a ton of average copper-containing rock, and spend all the
labor and energy required to break it down, we are able to extract
5,000 grams of copper. For this same effort we would only get 1 gram
of gold from a ton of average gold-containing rock.Compared to our
food and energy resources, we have to exhaust a lot more of these
other resources in order to produce gold, all depending on the
relative abundance of elements.For this reason gold as an element
remains cost-proportional to all other basic resources over time, even
if all short term values fluctuate depending on local conditions or
immediate needs.Finding value in a unique element Because it requires
substantial effort to produce gold, and that we forego alternate uses
of near term energy, labor and food to produce it, there must be
important usesfor it.Relative usefulness is defined by the laws of
physics, not subjective economics, and gold's properties and
usefulness are significant. Gold doesn'tdecay or tarnish in our
atmosphere, it conducts energy over long periods of time without
breaking down, its density and malle ability enable very small amounts
of gold to be extremely useful in thin layers or small spaces, and its
noble metal properties mean that it doesn't react with most other
elements, meaning that it's purity,luster and radiance are
effortlessly maintained through millennia.These elemental properties
define gold'susefulness as a commodity, a commodity whose cost will
always remain proportional to the cost of other elements due to the
earth's relative endowment.These are the properties we found most
useful during our experiments with the elements, but we learned an
even greateruse in our experiments with cooperation.Finding value in
an element that transcends time with little cost or effort Cooperation
and sharing enable us to produce more for everyone than we couldever
achieve individually. Over time this cooperation is essential,
otherwise young and old would have no way to survive; there is no way
to produce for yourself when young, and no way store essential
commodities for an old age. This is the basis of the formation of
community.The development of cooperation and trust requires a system
of accounting for each community's production. It is wasteful, if not
impossible, to bring all perishable goods to oneplace at one time for
trade, and with no ability to redistribute orsave a surplus.The
function of community through sharing therefore requires one of two
systems: 1- a complex system of rememberingdebts and favors, or 2-
(preferably) a lasting-intermediate commodity that can be exchanged
over and over with very little cost, to be possessed in the interim of
exchanges of the essential, immediately useful, but quickly decaying
commodities.Over thousands of years of experiments, civilizations
consistently resolved that gold was the most useful element to possess
and trade as an accepted form of value.Gold's elemental properties
afford this usefulness, as gold onlyneeds to be produced once but is
extremely efficient over time, it can be exchanged perpetually with
very little cost compared to the cooperative value it brings.Gold was
first a natural resource desired for its elemental properties and
usefulness, but onethat eventually achieved the more important role of
enabling widespread cooperation.Gold is an elemental unit of account
and elemental store of value; in the past, present and future Gold's
value as an elemental unit of account and store of value is both
scientific and natural, as opposed to economic.Interestingly, gold's
ascension occurred before civilizations had the advanced scientific
knowledge of its elemental properties. Humans productively optimized
their experiments in cooperation by using gold as the basis for
measuring value. While systems of moneyand debt come and go, gold will
always remain an extraordinary element. Data shows that investing in
gold could provide security to depreciation in somecurrencies. Gold's
relationship to other natural resources is bound by the limits of our
shared planet. All industry originates in natural systems, and any
cooperative economic system should hold a unit of account anchored in
these natural systems. Gold provides a pure, elemental measurement. As
we advance the digital age of global