Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: blam

Because the myth that gold has “intrinsic” value completely ignores history and why gold was used as currency. The fact of the matter is that all money is fiat money, some of it is just prettier.


16 posted on 04/29/2016 1:23:51 PM PDT by discostu (Joan Crawford has risen from the grave)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: discostu
Stock-Drop-alypse Wow - Gold Soars As Kamikaze Kuroda Strikes Again
18 posted on 04/29/2016 5:06:33 PM PDT by blam (Jeff Sessions For President)
[ Post Reply | Private Reply | To 16 | View Replies ]

To: discostu

That is not a fact at all. Fiat money is currency made up by a government, not backed by anything of value. Gold is not nor has ever been fiat.


21 posted on 04/29/2016 5:39:38 PM PDT by Rusty0604
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


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