I'm not big on economics - I've always wondered why TPTB couldn't just one day up and say gold is worthless. I mean, with China in charge, will anyone care about genuine beauty, lasting quality, or using substances that don't corrode? IDK, guess I'll keep buying the stuff anyway!
I'm not big on economics - I've always wondered why TPTB couldn't just one day up and say gold is worthless. I mean, with China in charge, will anyone care about genuine beauty, lasting quality, or using substances that don't corrode? IDK, guess I'll keep buying the stuff anyway!
Because gold is the only actual currency of value, everything else is fiat currency - and everyone knows it.
"Gold Is Money, Everything Else Is Credit" - JP Morgan
That and your downvote explain it so well - thanks.
I didn't downvote you.
Ok, no biggy!