Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
To Fiat or Not To Fiat? That is the question!
>
Reply to Thread
Message:
<p>[QUOTE="coleguy, post: 781115, member: 9167"]Not sure I understand your question too well. But, fiat money as people like to think of it today, really isn't anything new. If a money has no value other than that placed upon it by a government or some other authority, and is therefor construed as a fiat, then there has been fiat currency as long as man has used a means of trading through the exchange of items other than goods. paper money has been around as long as paper has. Before that, many means of trade consisted of stone and shell monies. Oil, olives, wine, and on and on, were used not as commodities, but as money for thousands of years. It wasn't until modern times that precious metals were used primarily as money. If a handfull of rocks and a few seashells was acceptable money 3,000 years ago, I find it hard to believe that clad coinage and paper currency could be deemed any less acceptable today. It's all in how you choose to look at it.</p><p>Guy~[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 781115, member: 9167"]Not sure I understand your question too well. But, fiat money as people like to think of it today, really isn't anything new. If a money has no value other than that placed upon it by a government or some other authority, and is therefor construed as a fiat, then there has been fiat currency as long as man has used a means of trading through the exchange of items other than goods. paper money has been around as long as paper has. Before that, many means of trade consisted of stone and shell monies. Oil, olives, wine, and on and on, were used not as commodities, but as money for thousands of years. It wasn't until modern times that precious metals were used primarily as money. If a handfull of rocks and a few seashells was acceptable money 3,000 years ago, I find it hard to believe that clad coinage and paper currency could be deemed any less acceptable today. It's all in how you choose to look at it. Guy~[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
To Fiat or Not To Fiat? That is the question!
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...