Are any world currency's backed by gold, page 5

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reply posted on 14-1-2009 @ 03:41 PM by Anonymous ATS

reply posted on 26-1-2009 @ 11:52 PM by Anonymous ATS

reply to post by ArbitraryGuy

Yes, but the problem with paper money is that a few people in a privatized so called "federal bank" can print it to their liking. Gold is a near solid currency that only rarely swings in value. Paper money or "fiat currency" is like a musical dance with chairs. When the music stops someone is left to "stand" or in other words go bankrupt. It is not a flaw in the system it is a PART of the system. only by that tactic and the perpetuate increase of their own money supply wich only works because of timelaps between the inflation and the.. inflation, can the system stand.. for a time. It is by natural law doomed!
You see by these rules, the money the government borrows, is only worth its actual value for a short time. because after some time in cirkulation, the masses are aware of the extra money and therefore prices raise in society. Before your sallery does.

reply posted on 29-1-2009 @ 12:52 PM by Anonymous ATS

reply to post by rougevif

mistakenidentity
Let me see...ummm...could it be the Federal Reserve....bankers..

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reply posted on 8-2-2009 @ 03:53 PM by Anonymous ATS

The biggest advantage to gold is that the federal reserve cannot create it at will. Even if the value is "psychological" the amount in existence cannot be tampered with by governments or national banks.

reply posted on 13-2-2009 @ 08:16 PM by Anonymous ATS

reply to post by ArbitraryGuy

I completely disagree. Gold is a Metal in which blood, sweat and tears is sacrificed for it's timeless beauty and infinite industrial uses. It can be shaped, pounded paper thin, extruded as fine as a hair, and carries electrical properties that few metals do.
It's foolish to believe gold isn't as an important component in the modern world and therefor is as valuable as any other commodity.
And because of it's ability to keep it's form and luster for thousands of years, it's a far more dear metal to our cultures than steel and aluminum.
How do you think it became an agreed upon medium for trade in the first place?

reply posted on 1-3-2009 @ 01:56 PM by Anonymous ATS

reply posted on 6-3-2009 @ 11:51 PM by Yazman

I'm pretty sure Malaysia has one, let me look it up. Here you go:

en.wikipedia.org...

reply posted on 8-9-2009 @ 10:44 AM by TeslaandLyne

I hope the OP found a few countries with gold backing currency.
I saw no impressive list.
I figured he would go to that country and cash in taking the gold
with him or just staying there.

I got a few gold and metal stories but I was looking for another thread.
So until next time.

reply posted on 10-6-2011 @ 04:16 PM by NoWorldOrder666

Gaddafi had declined help from IMF and turned Libya's currency into a gold backed currency. This is the real reason Al-CIAeada started the uprising in Libya.

reply posted on 10-6-2011 @ 08:13 PM by Dr Expired

Just discovered this thread so a star for the OP , I have read the Chinese are buying up Gold and have great reserves.
Makeof that what you will.
But rumour has it the Chinese yen is about to replace the US dollar in the world currency satkes.
Gold has gone up 300% in value since approx 1981 I believe.
So if one bought Gold each week instead of putting cash into the bank I believe one would come out way in front in another 30 years espescially if one didn't sell any of it.