on paper or in the bank?

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  • Space Puppy
    So Fucking Banned
    • Nov 2003
    • 817
    #1

    on paper or in the bank?

    whats the 'better' way to work out how much you are worth?

    am worth a heap more on paper so thats what im thinking ill do unless there are any disadvantages to that?

    i.e $500k in the bannk on paper however works out to $850k
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    • Mr.Fiction
      Confirmed User
      • Feb 2002
      • 9484
      #2
      Forget both of those and just make it up like everyone else on GFY.
      Don't be lazy, protect free speech: ACLU | Free Speech Coalition | EFF | IMPA

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        • Space Puppy
          So Fucking Banned
          • Nov 2003
          • 817
          #3
          Originally posted by Mr.Fiction
          Forget both of those and just make it up like everyone else on GFY.
          Yeh i dont think this investor will take to kindly to that though LOL

            Comment

            • KRL
              Entrepreneur
              • Oct 2002
              • 31429
              #4
              Let you in on a little secret. You know those greenbacks you think are really backed by something and worth more than the paper they are printed on?

              Nixon took the country off the Gold Standard in 1971.

              Prior to that each dollar had guaranteed convertibility into gold bullion sitting in Ft. Knox upon demand.



              So anyway you look at it, its just paper and nothing more.
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                • nap
                  Confirmed User
                  • Dec 2002
                  • 2765
                  #5
                  Originally posted by KRL
                  Let you in on a little secret. You know those greenbacks you think are really backed by something and worth more than the paper they are printed on?

                  Nixon took the country off the Gold Standard in 1971.

                  Prior to that each dollar had guaranteed convertibility into gold bullion sitting in Ft. Knox upon demand.



                  So anyway you look at it, its just paper and nothing more.
                  who benefited from what nixon did in 71? what was the purpose?

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