Indeed. When the Nazi government engineered their fiat money system in the 1930s, this question confounded them. In the end, it doesn't matter...
Again this ignores the practical aspects of doing so. The actions of central bankers are not subject to review by their governments. At least...
I didn't say it was limited to modern times. I said that it was a product of fiat money. Fiat money has certainly been used many times in...
Yet, gold has been minted into coins for 1000s of years. You said so yourself. Here in the USA, some of the early mints like the one in...
Except it really does not make much sense. It is enormously expensive to move and maintain 300 tons of gold. As long as this gold was sitting...
It's not my list. Every article on the properties of currency lists this as qualities for a good currency. I probably left a few out as I did it...
Sure. This is why, throughout history, that governments since ancient times, defined other items, usually silver, bronze, copper, etc in terms of...
You incorrectly conclude that inflation is normal and required. It's not. Inflation is a created component of fiat money. For most of the...
Different times. Gordon Brown of the UK sold most of the UK's gold in the late 90s. Despite this, he was later elected as Prime Minister. That...
Actually Gold has all the properties needed for currency. These would be: It's supply is relatively fixed. It's very relatively rare. It can be...
In the Christian Bible, the book of God (at least one of them), gold is specifically mentioned many times as a sign of wealth and given to man to...
Depending upon the definition of ton used, (I used metric) I get ~$18B. But this doesn't answer the question of how he would spend this gold....
Exactly how does one spend 300 tons of gold? Where does it go when he spends it? Don't forget, Venezuela is an oil exporter in a world starved...
You are stating the obvious and ignoring the practical aspects of doing what you state. It's folly to suggest that a certain investment, i.e. S&P...
NO. What you are seeing is the built in failure of the fiat money system. The inherent flaw of fiat money, that is debt based money, is they...
Hmm. A Panda on Ebay. You better do your research on this coin before you pull the trigger.
Some of you may have seen this story in the last couple of days, but apparently Hugo Chavez had decided to move most if not all of the country's...
Try reading my response again in the context in which it was given. The response was to a very stern recommendation that gold is priced too high...
Depreciate against what? The value of gold isn't changing. It's the value of the $ that is changing. If you instead ask the question, "Will...
Too many other ways for someone to "off" themselves. I wouldn't think it would be that good of an investment.
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