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<p>[QUOTE=&quot;Drusus, post: 1634966, member: 6370&quot;]Fair enough sir. Just a few last thoughts. You say paper money is good as long as it is backed by metal so you do not object to paper. I also think that paper should be backed by metal (all of them), as well as every other resource. </p><p><br /></p><p>Of course I see paper and gold as serving the same purpose, to represent wealth...one just happens to be an element that has historically been seen as being ideal for this purpose. I see gold more as a commodity to be bought and sold and to be factored in with all the other commodities to calculate a fair worth for that paper while I think you want to see gold as a buffer for what you think will be a stabilizing affect because of all the reasons you state above. Gold holds the wealth and value and the paper draws from the gold (simplified but correct me is I am off base). </p><p><br /></p><p>I believe there isn&#039;t a need to include gold in the process save as just another commodity that brings value according to its realistically assessed worth. As I see them as serving the roughly the same purpose, I do not see the need to have them both simply because one has certain physical characteristics, is harder to acquire, or is more work intensive. Nor do I think a system based on it will be any more stable or beneficial. as the money can be printed out of thin air, so too can greater value be placed on the gold that money is based on and I don&#039;t think any system of this sort is immune to manipulation and abuse. Whatever is your primary medium of wealth, that wealth simply needs to be realistically assessed or, in either system, there will be trouble.</p><p><br /></p><p>I&#039;ve enjoyed the conversation, thanks[/QUOTE]</p><p><br /></p>

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