- Sep 9, 2022
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We hear the Gold hawks plead to use GOLD as the official currency. Buyers of GOLD learn the hard way that deflation is built into the use of GOLD.
My oldest daughter collected coins. She appeared to me to be expert in them. She knew vastly more than I know about prices of Coins and even of Gold. She asked me to purchase her GOLD. I did so. I later learned that to sell it, it would not sell at top prices, but deflated prices. We lost money on GOLD. It was a lesson I never forgot.
Dollars as well as other global currencies can be easily used to purchase goods and labor and easy to deposit into banks.
It got me to wonder since GOLD is well known to be heavy, why not use Diamonds instead? A small hard stone located on the ring fingers of many millions of women would seem to be superior to GOLD.
Any thoughts on this?
My oldest daughter collected coins. She appeared to me to be expert in them. She knew vastly more than I know about prices of Coins and even of Gold. She asked me to purchase her GOLD. I did so. I later learned that to sell it, it would not sell at top prices, but deflated prices. We lost money on GOLD. It was a lesson I never forgot.
Dollars as well as other global currencies can be easily used to purchase goods and labor and easy to deposit into banks.
It got me to wonder since GOLD is well known to be heavy, why not use Diamonds instead? A small hard stone located on the ring fingers of many millions of women would seem to be superior to GOLD.
Any thoughts on this?