Anonymous ID: c10583 March 28, 2020, 1:08 p.m. No.8601784   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>1882

>>8601678

>why gold backed money is good

Legal original money was defined as a fixed weight of gold/silver.

Gold Certificates

Silver Certificates

โ€”-

Federal Reserve Notes are backed by nothing.

Worthless.

Federal Reserve prints toilet paper.

Anonymous ID: c10583 March 28, 2020, 1:19 p.m. No.8601974   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>8601882

>People I know seem to think gold isn't really valuable and like dollars it's just something we decide has value, so there's no point

Philosophically most of what is used doesn't have real value.

What is important? Water, Food, Shelter, Fire, & Freedom.

Moar than that but you get the idea without writing a novel on what is important and has value.

Diamonds aren't rare yet many are worth millions of dollars.

Gold isn't that rare, nor is silver.

Somewhere in the past the value was added to it by men.

What is of valueโ€ฆ Need a plow, go to someone that can make one and trader them wheat/food.