reply to post by Solomons
It doesn't matter if we use paper, gold, silver or even gems to be frank. We as a civilization where using gold,silver, gems and spices for currency
long ago and we did so because it was scarce and could be used to make regal crowns and jewelry etc, that the commoner's didn't have. Those "in
charge" had it therefore it had to be of some kind of worth now didn't it. We placed a value on it way back then and have carried it till now. The
true monetary value in life is having a roof over your head food on the table and a warm place to sleep at night. Regardless of what "money and
precious metals" are worth these needs for life will always come ahead of any coin Think of it this way.
Let's say that tomorrow the entire world market's crashed beyond belief. Thus leaving all government's rushing to secure what they could that
would be of worth in the long run. What would some of those thing's be?
Well food for sure is a major one; "now" traded and bought with money,
gasoline, heating oils and natural gas would be up at the top of the list also, much like food it is traded for money, food and all sorts of things
that any said country needs.
When you get down to it the money factor is for those who don't have what someone else wants or needs at the time. That is all. Gold like money has a
value placed on it by those who are in control of it.This in an effort to make sure they get what they need and want.
If the whole system was to go belly up people wouldn't be the least bit worried about how much a gold or silver coin was worth. They would be worried
about what they had to do to get the next meal or keep the home warm for the family.
If all money lost value tomorrow we would be back to trading in a real sense. As in; you have 300 gallons of oil and need 5 tons of corn....instead of
the now defunct money you would "trade me" the oil for the corn.
It worked just fine till we allowed the creation of over controlling governments for "protection" from invading forces who wanted what said nation
had.They in turn created money for "us" to use.
Those same governments grew and needed even more gold and paper money to stay in control. So guess what they just created more! It is all a cycle and
sooner or later all cycles come to an end.
There will always be a limit to what a person can get for any one item. Sooner rather than later people will figure that one out. When they do no
amount of gold or paper money in the world will matter, they will deal amongst themselves and throw it aside along with the over bearing rulers. They
know that so they must make sure that they are the one's to control what is worth something and what is not for the time being.