Quote:
Originally Posted by MrMaxwell
The government here in the states made it illegal to own gold, stole it all, and then it had huge huge gains against the dollar. They're looking at possibly doing it again, I think.
Don't they also want to make it illegal to use gold as currency in the states? Has that happened? I can't remember
Gold is money I don't care what our past 100 years may or may not say. Istorically, gold, it is money because it's universally accepted as valuable. Period.
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I'm well aware of the history of Gold, and they're not going to make it illegal for a number of reasons, but more importantly because not a soul in this country would comply with it. It's unmarked, unregistered and only a fool would turn it in. But it's not money, it's an asset that has a monetary value. Just because something is universally accepted as valuable, doesn't make it money. Oil is universally accepted as valuable, think you can buy anything with a barrel of it? I own physical gold, I own physical silver, but I understand at the present time, they are both not money.