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To: kara37
Weird, I can’t think of a single country that still issues one.

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Yes, exactly my point.

Your point that metal backed currencies work is helped by the fact that they're no longer used anywhere?

Your dollar has lost 96% of it’s buying power, that is a fact.

My dollar hasn't lost anything close to that much.

So, yes, that makes gold the most stable monetary form of exchange in history.

Didn't gold lose 65% (about 84%, adjusted for inflation) of its value between 1980-2001? How long did it take the dollar to lose 65% (84%)?

32 posted on 04/03/2022 8:22:07 AM PDT by Toddsterpatriot (TANSTAAFL)
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To: Toddsterpatriot

My dollar hasn’t lost anything close to that much.

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Okay, either you have no concept of inflation, or you are purposely acting like you don’t understand it. Either way, there is no point to this conversation anymore. This is not an arguable point.

So, keep all your cash in dollars, I’m sure that will work out fine for you.


33 posted on 04/03/2022 9:27:25 AM PDT by kara37 ( )
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