To: blam
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.
5 posted on
06/23/2013 1:20:05 PM PDT by
elkfersupper
( Member of the Original Defiant Class)
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. Picky Picky Picky; but besides all that...
To: elkfersupper
11 posted on
06/23/2013 3:10:05 PM PDT by
M-cubed
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: elkfersupper
PMs are unencumbered tangible fungible fractionable portable durable liquid insurance.
21 posted on
06/23/2013 4:49:23 PM PDT by
SVTCobra03
(You can never have enough friends, horsepower or ammunition.)
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