RE: If paper money was banned & silver & gold came back, what would happen?
February 28, 2015 at 6:17 pm
(February 28, 2015 at 6:10 pm)CapnAwesome Wrote: The arguments of those in favor of a gold standard is funny. It's true that paper money only has the value that we imagine it to have, but gold is exactly the same. Gold is only valuable because we believe it to be valuable. So it's not really that different, except for one important thing. There is a limited supply of gold.
Well, three things - gold also has significant industrial as well as ornamental value, two things that fiat currency lacks.
Other than that, no argument from me.
