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<p>[QUOTE="walterallen, post: 98252, member: 4068"]<b>Value of Currency?</b></p><p><br /></p><p>Reading these posts has invoked a thought on this subject. What is the value of our currency really? We know what we make an hour at work and what we can afford with what we have after taxes and bills, but should our system fail we are stuck with cash, credit and bank account that are worthless. I mean that the silver and gold coins we collect have a value outside of the symbolism of the coin. Clad coins and paper money (modern currency) have no value outside of their symbolic value. I doubt that we have the gold reserves to back our currency. Even if we do I doubt that in a crisis gold would ever be exchanged for dollar bills. Getting rid of a physical monitary system would not change the fact that the true value of wealth will be ownership of tools and functional devices that enable us to feed ourselves or simply survive the night.</p><p><br /></p><p>Its just a thought. :kewl:[/QUOTE]</p><p><br /></p>
[QUOTE="walterallen, post: 98252, member: 4068"][b]Value of Currency?[/b] Reading these posts has invoked a thought on this subject. What is the value of our currency really? We know what we make an hour at work and what we can afford with what we have after taxes and bills, but should our system fail we are stuck with cash, credit and bank account that are worthless. I mean that the silver and gold coins we collect have a value outside of the symbolism of the coin. Clad coins and paper money (modern currency) have no value outside of their symbolic value. I doubt that we have the gold reserves to back our currency. Even if we do I doubt that in a crisis gold would ever be exchanged for dollar bills. Getting rid of a physical monitary system would not change the fact that the true value of wealth will be ownership of tools and functional devices that enable us to feed ourselves or simply survive the night. Its just a thought. :kewl:[/QUOTE]
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