To: Iwo Jima
No, an ounce of gold wouldn't be a sufficient amount upon which to base an entire monetary system. So when you said:
However much gold there is, by definition it is "enough."
You were lying? Or just wrong?
126 posted on
08/23/2007 2:44:07 PM PDT by
Toddsterpatriot
(Ignorance of the laws of economics is no excuse.)
To: Toddsterpatriot
Neither. I was addressing my comment to someone whom I assumed had a modicum of common sense and good faith. Not to you.
By definition, any amount of gold which has ever been known to exist in the history of the universe would be sufficient. If the amount of known gold reserves in the world were insufficient to allow it to serve as a medium of exchange and store of value, it would never have become the currency of choice by most civilizations throughout history.
Now try, if you can, to respond to the substance of my comments without juvenile ridicule in the "I know you are but what am I" variety.
127 posted on
08/23/2007 3:01:36 PM PDT by
Iwo Jima
("Close the border. Then we'll talk.")
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