Quote:
Originally Posted by VladtheImpaler
I guess the theory is if the paper currency is worthless (a la Deutchmark during Weimar), we revert to gold & silver as currency. Or, when the price of silver sky-rockets to $150,000/ounce when the currency devalues, you will be able to pay off your mortgage with a silver coin.
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But how do you rectify that stance with currencies that are on the gold standard? Part of the (gold = amazing returns) argument is a return to the gold standard for some of the major currencies. In that event doesn't the holding of the currency basically equal the holding of gold?
Perhaps I'm not smart enough to even understand how this could go. I have to say that I find it incredibly confusing, and it feels like discussing quantum mechanics or something equally as imperceivable to me!