Another bubble! Is this what you think? If you do, you must not understand that money is created from debt and fractional reserve banking only adds gasoline to the fire when it comes to a debt backed money system. The world's current monetary structure is tragically flawed. As long as we have debt backed money, we will continue to see it compounded on top of itself. This is not good for the USD and favors anything that acts inversely proportianate to it. Are you really going to use 4 decades
of fiat money (1971) over thousands of years of world history where mankind has favored gold? Mankind used gold not b/c they were barbarians and we have now finally evolved. Gold is not an archaic thing. They used it b/c it represents everything that money should represent. Like the guy in the video says, "It is the highest quality asset on earth."
The answer to his question is silver. Silver has been used as money longer and more often than gold throughout history. Sorry gold bugs but tis true. silver dime 2$ qaurter 5$ half 10$ one ounce 20$. then use gold for big transactions.
1628 USD as of today (2. August 2011).
leepakim 7 months ago
another bubble
stonerj0e 2 years ago
Another bubble! Is this what you think? If you do, you must not understand that money is created from debt and fractional reserve banking only adds gasoline to the fire when it comes to a debt backed money system. The world's current monetary structure is tragically flawed. As long as we have debt backed money, we will continue to see it compounded on top of itself. This is not good for the USD and favors anything that acts inversely proportianate to it. Are you really going to use 4 decades
high5flyer 2 years ago
of fiat money (1971) over thousands of years of world history where mankind has favored gold? Mankind used gold not b/c they were barbarians and we have now finally evolved. Gold is not an archaic thing. They used it b/c it represents everything that money should represent. Like the guy in the video says, "It is the highest quality asset on earth."
high5flyer 2 years ago
I am a lawyer and disagree with the guy who says you cannot transact in gold. I'd MUCH rather take fees in gold than cash.
January132005 2 years ago
The answer to his question is silver. Silver has been used as money longer and more often than gold throughout history. Sorry gold bugs but tis true. silver dime 2$ qaurter 5$ half 10$ one ounce 20$. then use gold for big transactions.
TheNick487 2 years ago