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Re: how to fix banking (and money) PBDC vs CBDC 

By: Decomposed in 6TH POPE | Recommend this post (1)
Fri, 31 Mar 23 1:51 AM | 33 view(s)
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Msg. 41470 of 60008
(This msg. is a reply to 41466 by Zimbler0)

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Zimbler0:

Re: “Gold Coin? Is there enough gold on this planet to support using 'gold currency'?”
Of course there is. If gold took on that sort of utility, its price per ounce would just rise accordingly. A million dollars per ounce would do the trick, don't you think?

BTW, I'm being serious. There's nothing that says gold-backed currency has to be in the form of gold coins. It could just as easily be in the form of bearer bonds that allow the holder to redeem each note for one millionth of an ounce of gold (one ounce minimum). Such notes would be exchangeable as money, would work just fine and would NOT be fiat currency.








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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Re: how to fix banking (and money) PBDC vs CBDC
By: Zimbler0
in 6TH POPE
Fri, 31 Mar 23 12:57 AM
Msg. 41466 of 60008

Fiz > His propostion that electic utility companies being allowed to issue private currency (currency for current, get it?!) is interesting. What do you guys think might be better?

Hmmmm . . .
Out of curiosity, just where is the electric company's customers supposed to get the electric company's 'money' to pay their bills with?

Individual State's issuing their own currencies? More likely to spawn a tsunami of 'government printing presses' hyper-inflating these 'State Currencies'.

Gold Coin? Is there enough gold on this planet to support using 'gold currency'?

Zim.


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