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<p>[QUOTE=&quot;cphine, post: 781147, member: 20940&quot;]Billy,</p><p>You are right, we disagree. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>The differentiation between fiat and commodity currency is that with commodities there is a finite amount available and it&#039;s value is determined by a free market.&nbsp; (Well, in a perfect world a free market...a bit too many regulations prevent a true market in today&#039;s day and age.) Gold and silver replaced shells and goats as a more practical means of exchange and have been &quot;money&quot; for a very, very long time.&nbsp; </p><p>&nbsp;</p><p>A &quot;fiat&quot; currency knows no bounds in terms of rarity as the government can simply print as much as it wants.&nbsp; It&#039;s inherantly inflationary by design.&nbsp; (See Zimbabwe&#039;s current fiscal situation) It&#039;s value is whatever the government tells us it&#039;s value is, and it makes international trade a rigged nightmare in many circumstances.</p><p>&nbsp;</p><p>If you are interested in the topic, I would suggest reading &quot;What has the government done to our money&quot; by Murray N. Rothbard.&nbsp; It really illustrates things and is an easy read.</p><p>&nbsp;</p><p>Plus, I just like shiny things... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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