View Single Post
Old 11-19-2007, 08:05 AM  
jalami
Confirmed User
 
jalami's Avatar
 
Industry Role:
Join Date: May 2004
Location: Costa Rica
Posts: 845
Back when a US dollar was 1/35 troy oz of gold, backed by physical reserves, it was more than a useless piece of paper.

Of course a metal like gold only has the value we assign to it too. But you can't just print more gold.
__________________
IntegralPay LLC | www.integralpay.com
Payment solutions outside the box!
Ask about credit card, electronic checks, and alternative payments processing
jalami is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote