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Old 08-02-11, 06:10 AM   #6
Tribesman
Stowaway
 
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Gold used to be money. Nowadays a lot of people seem to think that it will become money again. No real reason why we should be returning to backed-currency, also no real reason why gold should be particularly valued over anything else.

The problems with gold or silver or copper or even pretty shells as money are just as real as paper money.
Such Standards as people fantasise about returning to require levels of stability, consistancy, co-operation and equality that they are a pipe dream that cannot match reality. It is the reason the Standards lurched from crisis to crisis before in turn being abandoned.
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