on paper or in the bank? - GoFuckYourself.com

Space Puppy · 02-06-2004, 03:20 AM

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

Mr.Fiction · 02-06-2004, 03:24 AM

Forget both of those and just make it up like everyone else on GFY.

Space Puppy · 02-06-2004, 03:27 AM

Quote:

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

KRL · 02-06-2004, 03:32 AM

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.

nap · 02-06-2004, 11:25 AM

Quote:

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?

02-06-2004, 03:20 AM	#1
Space Puppy So Fucking Banned Join Date: Nov 2003 Posts: 817	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

02-06-2004, 03:24 AM	#2
Mr.Fiction Confirmed User Join Date: Feb 2002 Location: Free Speech Land Posts: 9,484	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

02-06-2004, 03:32 AM	#4
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	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. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains