What is Digg?4 Comments
- AtVenNews, on 11/08/2007, -0/+2Right, 'coz digging up gold is as easy as printing dollar bills or changing digits on a computer....
- AtVenNews, on 11/08/2007, -0/+1Also gold, as a raw material and noble metal, has huge intrinsic value. It is just that as a monetary metal it has even more value.
But if this is not good enough for you, how about the fact that the IRS cannot get at it? Check out where it is kept and how it is protected.
http://www.strike-the-root.com/interviews/davidson ...
http://en.wikipedia.org/wiki/Digital_gold_currency - leopardpm, on 11/08/2007, -0/+0although your point is true, that the value of everything and anything is a wholly subjective idea, you do understand the difference between a commodity currency and a fiat one, right? And I am sure you understand that fiat currencies are unwanted in general, as they have been throughout history, and REQUIRE the government of the currency to force its use with threat of violence.
- satanatnmtedu, on 11/08/2007, -2/+1And, how does this save anything? The gold standard is just another fiat currency. What holds gold up is people's faith in gold not any intrinsic value. Need more money, then just dig up more gold or refine it from sea water.
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