To: elkfersupper
Money is a tool. It is a medium of exchange. It is fungible. It can be put to work to make more money through equity, leverage or what used to be standard banking practices. Gold is none of those things.
Gold is not fungible -- that part is true. Otherwise, your comment is wrong. Gold is ideal as money precisely because it's not fungible.
14 posted on
06/23/2013 3:25:56 PM PDT by
BfloGuy
(The Eurozone policy might best be described as "Laurel and Hardy Carry a Piano Upstairs.")
To: BfloGuy
Gold is ideal as money precisely because it's not fungible.Can you move it anywhere you want with the click of a mouse button?
16 posted on
06/23/2013 3:31:07 PM PDT by
elkfersupper
( Member of the Original Defiant Class)
To: BfloGuy
Gold is not fungible -- that part is true. Fungible---being of such a nature that one part or quantity may be replaced by another equal part or quantity in the satisfaction of an obligation.
The low level of knowledge on this thread is stunning.
18 posted on
06/23/2013 4:27:21 PM PDT by
Stentor
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