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<p>[QUOTE="dcarr, post: 25534367, member: 4781"].</p><p><br /></p><p>The US Dollar is even more of a "construct" than gold. The Dollar can be debased and diluted at at will by the issuer. Bitcoin is also totally a "construct". Although I am not a Bitcoin fan or participant, it can not be diluted because there is a finite limit to how many Bitcoins can exist.</p><p><br /></p><p>Land is great. But the taxes on it are excessive, especially in my area. Land can also be taken away from you. Gold is portable and concealable. Land is not.</p><p><br /></p><p>Gold is the only thing that has remained a valued form of standardized exchange for 5,000 years. The US Dollar has been around (in physical form) since about 1793. It is the only major currency that has lasted that long. Will it suddenly come to an end at some point ? Not likely. But since going off the Gold Standard, the clear trend for the US Dollar is diminishing purchasing power.</p><p><br /></p><p>.[/QUOTE]</p><p><br /></p>
[QUOTE="dcarr, post: 25534367, member: 4781"]. The US Dollar is even more of a "construct" than gold. The Dollar can be debased and diluted at at will by the issuer. Bitcoin is also totally a "construct". Although I am not a Bitcoin fan or participant, it can not be diluted because there is a finite limit to how many Bitcoins can exist. Land is great. But the taxes on it are excessive, especially in my area. Land can also be taken away from you. Gold is portable and concealable. Land is not. Gold is the only thing that has remained a valued form of standardized exchange for 5,000 years. The US Dollar has been around (in physical form) since about 1793. It is the only major currency that has lasted that long. Will it suddenly come to an end at some point ? Not likely. But since going off the Gold Standard, the clear trend for the US Dollar is diminishing purchasing power. .[/QUOTE]
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