Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: kara37
However, it has been proven over thousands of years to be a storage of wealth.

Right. Even though it dropped 70% from 1980-2001.

In fact, every single fiat currency has eventually failed. Every single one.

How are those metal backed currencies working today?

22 posted on 04/02/2022 7:00:00 PM PDT by Toddsterpatriot (TANSTAAFL)
[ Post Reply | Private Reply | To 21 | View Replies ]


To: Toddsterpatriot; aMorePerfectUnion

Why doesn’t someone combine a cryptocurrency with Gold?


23 posted on 04/02/2022 7:15:53 PM PDT by Kevmo (Give back Ukes their Nukes https://freerepublic.com/focus/news/4044080/posts)
[ Post Reply | Private Reply | To 22 | View Replies ]

To: Toddsterpatriot

How are those metal backed currencies working today?

******************************************

Hmm, pretty good I’d say, since a 1964 quarter is worth about $4.50, and a $50 dollar gold eagle is worth about $1900.00.

On the other hand, the dollar has lost 96% of it’s value.


25 posted on 04/02/2022 7:44:36 PM PDT by kara37 ( )
[ Post Reply | Private Reply | To 22 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson