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Why not a platinum standard, palladium standard, silver standard, copper standard, aluminum standard, pork bellies standard, or a standard based on any other commodity? What's so special about the commodity we call gold that sets it apart from other commodities?
More of it.
Why not a platinum standard, palladium standard, silver standard, copper standard, aluminum standard, pork bellies standard, or a standard based on any other commodity? What's so special about the commodity we call gold that sets it apart from other commodities?
No reason, other than the fact that the market has historically turned to gold and silver to act as a medium of exchange.
Then prices adjust to meet the supply....Econ 101.
no. it isn't.
the gold standard is deflationary because gold is a finite resource.
normal people know this.
notwithstanding an opinion piece from peter shiff.
The same way you do now: Credit....DUUUH!Why not a platinum standard, palladium standard, silver standard, copper standard, aluminum standard, pork bellies standard, or a standard based on any other commodity? What's so special about the commodity we call gold that sets it apart from other commodities?
No reason, other than the fact that the market has historically turned to gold and silver to act as a medium of exchange.
how do you pay for something in gold over the internet?
The inevitable collapse of the USD will bring it back as a matter of course....People will need to trade something of real value.I doubt it's coming back but the probability isn't zero.
Why not a platinum standard, palladium standard, silver standard, copper standard, aluminum standard, pork bellies standard, or a standard based on any other commodity? What's so special about the commodity we call gold that sets it apart from other commodities?
Why not a platinum standard, palladium standard, silver standard, copper standard, aluminum standard, pork bellies standard, or a standard based on any other commodity? What's so special about the commodity we call gold that sets it apart from other commodities?
No reason, other than the fact that the market has historically turned to gold and silver to act as a medium of exchange.
how do you pay for something in gold over the internet?
no. it isn't.
the gold standard is deflationary because gold is a finite resource.
normal people know this.
notwithstanding an opinion piece from peter shiff.
Why not a platinum standard, palladium standard, silver standard, copper standard, aluminum standard, pork bellies standard, or a standard based on any other commodity? What's so special about the commodity we call gold that sets it apart from other commodities?
No reason, other than the fact that the market has historically turned to gold and silver to act as a medium of exchange.
how do you pay for something in gold over the internet?