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An interesting perspective about a gold standard
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billybob
Posted 6/20/2010 12:04 (#1244016 - in reply to #1243942)
Subject: RE: Is precious metal a good example of human stupidity?


68340

Gold could service a purpose to survive if you run out of food and need to buy more, and your paper money is now worth     1 penny to the dollar. 

Same could be said for diamonds. 

All man kind is trying to do is convert a quaintly of wealth into a tradable, mobile object.  

What does not make sense about that? 

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