:high five:
I never understood the fascination with the gold standard. Gold has more intrinsic value in electronics than as a currency. The relationship between a state currency (dollar, yen, peso, whatever Russia uses) and gold is artificial. It's only fitting the relative value of one currency to another is based on Excel sheets and voodoo. Gold just became popular quite literally because it's shiny and doesn't "rust". Both those characteristics can be explained with chemistry. Then it became valuable because it was considered rare. Similar story with diamonds. I can buy a diamond cutting wheel for my Dremel for cheap. But jewelry grade diamonds cost thousands because somebody decided oooooo shiny. The color purple became the color of royalty because it was the most difficult dye to produce, and therefore had more value than yellow which can come from rubbing the next dandelion you see.I do like cash too. I like choice which we are losing in most aspects of our lives now.
We use to be on the gold standard but they took the our gold.
Its a new world now.
I bet when they took precious metals and gave us paper IOUs people didn't agree with that either.Those IOUs have not been worth the paper they were written on for decades anyway.
I'd never consider myself a history buff, I just watch a lot of educational stuff. Mostly STEM topics, but I'll sneak in some liberal art topics now and then. Some things stick, others don't. Sometimes I vaguely remember something and have to go look up the details again.
Aw c'mon! I posted a program I wrote in BASIC. You were farther off topic than that?
It takes very little effort to print paper currency. It takes even less effort to create digital currency. In that way, it becomes very easy for a central bank to cause inflation. A physical currency that requires actual effort to produce (mining ain't easy!) at least offers a value-for-value proposition in any transaction.
Add to that some more tidbits of information. There is only $2.05 Trillion dollars of actual cash in circulation. We currently have a national debt of almost $28 trillion according to the national debt clock. So, according to my 'non-common-core' math skills, all the American cash and gold in the world will not even come close in paying for our national debt.
Umm...no. You're basing your dollar value on the dollar, not on the gold commodity relative to other commodities AND WITHOUT THE MANIPULATION OF COMMODITIES (that's the tricky part, but which we know is happening!).
First, understand what the current spot price is of whatever metal you want to buy. Use google to find the spot price.
Details, how did they do that.
We use cash only for gold, silver, guns, powder, bullets, primers or anything we feel doesn't need to be tracked or stored in that huge data bank in Utah, the one that also stores suspicious phone calls, the place that is run by No Such Agency. More than likely we'd have a heart attack if we saw just how much information certain agencies have on us, just like Santa Claus, they know if you've been bad or good and what you have for toys.
Those coins (anything pre 1965) will be 90% silver.
