- Joined
- Oct 17, 2017
- Messages
- 982
- Reaction score
- 505
- Location
- Northwest UK
- VCDS Serial number
- C?ID=321059
Interesting points...
Gold and silver will always be the basis for money as Don quite rightly pointed out it is in short supply and cannot be manufactured. Paper based money or 'fiat money' / the petrodollar is a house of cards, eventually a gust of wind will blow it down. Currencies and central banks will back their 'new currency' with gold reserves, as is the offering from China with the YUAN for oil trading as a way of circumventing US sanctions. Bottom line Gold is the basis for money and will never lose its value as it has 'intrinsic' value.
This brings us nicely onto a computer program which is backed up by thin air. God forbid the servers went on fire, it'd be like 'all our money went up in smoke'.
Gold and silver will always be the basis for money as Don quite rightly pointed out it is in short supply and cannot be manufactured. Paper based money or 'fiat money' / the petrodollar is a house of cards, eventually a gust of wind will blow it down. Currencies and central banks will back their 'new currency' with gold reserves, as is the offering from China with the YUAN for oil trading as a way of circumventing US sanctions. Bottom line Gold is the basis for money and will never lose its value as it has 'intrinsic' value.
This brings us nicely onto a computer program which is backed up by thin air. God forbid the servers went on fire, it'd be like 'all our money went up in smoke'.