Replies to Msg. #1221260
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 Msg. #  Subject Posted by    Board    Date   
41493 Re: how to fix banking (and money) PBDC vs CBDC
   I actually agree with you, De - although I deliberately didn't make th...
Fiz   6TH POPE   31 Mar 2023
9:42 PM
41474 Re: how to fix banking (and money) PBDC vs CBDC
   Decomposed > BTW, I'm being serious. There's nothing that says gold-ba...
Zimbler0   6TH POPE   31 Mar 2023
3:23 AM

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

By: Decomposed in 6TH POPE
Fri, 31 Mar 23 1:51 AM
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