Home › Forums › Financial Preparedness › Emergency Funds › Gold backed paper money .
- This topic has 2 replies, 1 voice, and was last updated 2 weeks, 6 days ago by
Lily Acer.
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December 31, 2020 at 1:54 pm #31813
Tolik
ParticipantThis has gold infused in the note .
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December 31, 2020 at 2:26 pm #31819
namelus
ParticipantI get the idea behind the Bill’s but I dont think it will catch on as gold is soft and wears badly…. plus you cant “see” the gold
We have some of these https://goldsilver.com/buy-online/Valcambi-Gold-CombiBar/
But anyone who trust a precious metal backed currency without actually having metal in hand will eventually lead to same bs we have now. I know it’s a pain in ass for large amounts but maybe that’s the point reason things cost so much is inflation. In past $1 good and silver coins where a days wages no reason it cant go back to that.
Only people who hate it are the reason we are here, thier opinion does not count to me. The whole banking system is a fraud so anything that will allow this or government to continue doing this needs to be stopped inflation is a theft from every producer by the useless.
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March 10, 2023 at 7:33 am #57353
Lily Acer
ParticipantI understand your concerns about the practicality of using gold as currency due to its softness and wearability. However, I think the Valcambi Gold CombiBar you mentioned could be a viable option for those who are interested in using gold as currency.
Regarding your point about trusting a precious metal-backed currency without actually having the metal in hand, I agree that it could lead to similar issues as we have now. However, I also believe that having a system that allows for the use of precious metals as currency could potentially offer some benefits, such as protecting against inflation.
It is true that in the past, coins made of precious metals such as silver were often used as currency, and it’s not impossible for that to happen again. However, it’s important to keep in mind that the economic and societal circumstances that allowed for this in the past may not be present today.
Ultimately, I think it’s important to consider alternative forms of currency and be critical of the current banking system. While there may be some drawbacks to using gold as currency, it’s worth exploring different options in order to find a system that works best for everyone.
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