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Discussion About Gold and Silver Currency


Hotma Gameniac

I think this is quite funny. But again, the central bank can print more and more :-)

www.csmonitor.com

Termites chow on Indian currency: A bank in India opened a vault to find termites had eaten through millions of rupees, Friday.

15 hours ago ·  ·  · Share · 
  • Sayed Saleh and 2 others like this.
    • Let’s use real thing such as Gold, Silver, and Copper as money: http://bible.cc/acts/3-6.htm – International Standard Version (©2008)
      However, Peter said, “I don’t have any silver or gold, but I’ll give you what I do have. In the name of Jesus the Messiah from Nazareth, walk!”
      GOD’S WORD® Translation (©1995)
      However, Peter said to him, “I don’t have any money, but I’ll give you what I do have. Through the power of Jesus Christ from Nazareth, walk!”
      15 hours ago ·  ·  1 person
    • Hotma Gameniac Gold and silver price are rising again, more than 5% this week.
      http://www.bbc.co.uk/news/business-13184951
      A good news for the real currency safer.

      15 hours ago ·  ·  2 people
    • Agus Nizami Yes. If we sell our product and services based on Gold and Silver and pay our labor salaries based on Gold and Sliver too, then our revenue and our labor’s salary will not be reduced by inflation every year. For instance, the US $ value fall from US$ 35/troy ounce of gold in 1969 into US$ 500/troy ounce of gold in 1980: http://en.wikipedia.org/wiki/History_of_the_United_States_dollar

      14 hours ago ·  ·  2 people
    • Agus Nizami

      The value of Gold compare with other commodities such as oil remain stable: http://en.wikipedia.org/wiki/History_of_the_United_States_dollar – Consequently, the price of gold rose from $35 per troy ounce (1.125 $/g) in 1969 to almost $500 (29 $/g) in 1980.This graph shows the final closing value of the U.S. dollar for each calendar year. Value is measured in milligrams of gold. By this measure the U.S. dollar lost a great amount of value during the 1970s.
      Shortly after the gold price started its ascent in the early 1970s, the price of other commodities such as oil also began to rise. While commodity prices became more volatile, the average exchange rate between oil and gold remained much the same in the 1990s as it had been in the 1960s, 1970s and 1980s.
      14 hours ago ·  ·  3 people
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