Msg. 45183 of 60008 (This msg. is a reply to
45166 by
micro)
Jump:
Micro > Something has to. So if not gold or silver or platinum, or some other recognized valuable ore or commodity, what then?
I dunno Boss.
Because every 'precious metal', every commodity . . . seems to have its 'price fluctuations'. Most based in supply and demand, some by deliberate manipulations.
Zim.
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How The Hunt Brothers Cornered The Silver Market | GBS
March 21, 2018 It's a saga that almost sounds fictional but it's the real-life story of two American wealthy brothers who cornered the silver market and caused the price of silver to rocket from $2 an ounce (all currency US) to more than $50 an ounce. It all began when oil tycoon H.L. Hunt died in 1974,
if gold backed currencies are not reliable due to price or valuation of Gold fluctuations, then what is a STABLE, non-changing finite object or thing of wealth that would be used to back up the stated value on paper currency?
Something has to. So if not gold or silver or platinum, or some other recognized valuable ore or commodity, what then?
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