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<p>[QUOTE="InfleXion, post: 1636986, member: 29012"]As the paper in my previous post postulates to some degree, I agree with it that the concept of measuring valuation originated with gold (and silver too) as the baseline because it was always in surplus compared to what came out of the ground which stemmed from it's desirability as jewelry. The labor cost ensures it will always be representative of the same amount of work, and the fungibility+divisibility+durability+portability means not only will the metal last forever but so will the value regardless of what happens to it. </p><p><br /></p><p> Not necessarily. Greece is using Tem coupons in addition to the Euro. There are a number of barter currencies there, and over 4,000 gold dealers in Attica. It just depends on what you need to be able to use the currency for, taxes or groceries?[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1636986, member: 29012"]As the paper in my previous post postulates to some degree, I agree with it that the concept of measuring valuation originated with gold (and silver too) as the baseline because it was always in surplus compared to what came out of the ground which stemmed from it's desirability as jewelry. The labor cost ensures it will always be representative of the same amount of work, and the fungibility+divisibility+durability+portability means not only will the metal last forever but so will the value regardless of what happens to it. Not necessarily. Greece is using Tem coupons in addition to the Euro. There are a number of barter currencies there, and over 4,000 gold dealers in Attica. It just depends on what you need to be able to use the currency for, taxes or groceries?[/QUOTE]
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