bobcat
Well-known Member
- Location
- Northern Calif
Maybe it's not strange at all, and it just seems a bit that way to me.
We left the gold standard back in 1971, and now just have fiat currency. It's just paper that our government says has value and can be used to pay bills.
However, the central bank still buys tons of gold every year just in case (I guess).
It just seems a bit unsettling to think that if you had a million dollars, if the government collapses, you now have a million pieces of paper.
I know it should be nothing to worry about, but still, it's nothing more than a collective agreement. But then again, I guess gold is pretty much the same. It's just a yellow rock that everyone agrees has value. I still think of the movie: "The gods must be crazy", where a coke bottle becomes the most valuable thing in the tribe. Come to think of it, those are pretty rare now, so maybe they were onto something.
We left the gold standard back in 1971, and now just have fiat currency. It's just paper that our government says has value and can be used to pay bills.
However, the central bank still buys tons of gold every year just in case (I guess).
It just seems a bit unsettling to think that if you had a million dollars, if the government collapses, you now have a million pieces of paper.
I know it should be nothing to worry about, but still, it's nothing more than a collective agreement. But then again, I guess gold is pretty much the same. It's just a yellow rock that everyone agrees has value. I still think of the movie: "The gods must be crazy", where a coke bottle becomes the most valuable thing in the tribe. Come to think of it, those are pretty rare now, so maybe they were onto something.
