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Good as GOLD. Some thoughts to ponder...
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<p>[QUOTE="SilverSurfer, post: 786900, member: 21603"]The day gold was worthless and thrown around like trash never came. You can't take one person/situation and think it applies to the world. If a void were to open up in the ocean and lead to anyones table "that day" every hand in the world would go up with people saying "my table...let that void lead to my table." So, the day gold was worthless never happened.</p><p> </p><p>Also, there is enough gold to go around to everyone. Saying wealth has increased to the point gold can't cover it all is wrong. If you had a pure gold coin that weighed an ounce, and somebody came around and said, not enough gold ounces to go around to cover everything, they would start making half gold ounces. But, everyone who had a whole gold ounce wouldn't have lost any of the value of the full gold ounce. If the state of things becames that you needed to make a 1% gold coin the size of a Roosevelt dime, there would still be enough to go around. Its just that the amount would be less. But, the guy who still had his one ounce 100% gold coin would still have all of the one ounce 100% gold coin value. Of course, it would be harder to "pull the wool over your eyes" as the money debases itself. Not so with computer generated money or money made of paper.[/QUOTE]</p><p><br /></p>
[QUOTE="SilverSurfer, post: 786900, member: 21603"]The day gold was worthless and thrown around like trash never came. You can't take one person/situation and think it applies to the world. If a void were to open up in the ocean and lead to anyones table "that day" every hand in the world would go up with people saying "my table...let that void lead to my table." So, the day gold was worthless never happened. Also, there is enough gold to go around to everyone. Saying wealth has increased to the point gold can't cover it all is wrong. If you had a pure gold coin that weighed an ounce, and somebody came around and said, not enough gold ounces to go around to cover everything, they would start making half gold ounces. But, everyone who had a whole gold ounce wouldn't have lost any of the value of the full gold ounce. If the state of things becames that you needed to make a 1% gold coin the size of a Roosevelt dime, there would still be enough to go around. Its just that the amount would be less. But, the guy who still had his one ounce 100% gold coin would still have all of the one ounce 100% gold coin value. Of course, it would be harder to "pull the wool over your eyes" as the money debases itself. Not so with computer generated money or money made of paper.[/QUOTE]
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Good as GOLD. Some thoughts to ponder...
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