Message from @system11
Discord ID: 626824694200533022
It has a very fixed value
That is why it works
yeah, now that it's not used as the main currency
Modern Currency isn't backed up by anything it is simply an article of faith
go look at charts pre and post gold standard\
What you will quite clearly see is that gold standard is way less stable
If we brought back the Gold Standard it would make the economy much more stable because currency would actually be backed up by something
Goo look at the charts
because what you're saying just isn't the reality
it has already been tried
UK has tried to go back to gold standard
and it was a catastrophe
our current currency has a small degree of inflation most of the time
but it is _stable_
It would be more stable if currency was backed up by something, It doesn't have to be the Gold Standard but we should have the currency backed up by something, It is simply an article of faith if we don't
the problem with gold standard (at least if many countries apply it) is that the country with the most gold controls the worlds banks
its easier to crash the gold market than a currency
when greece defaulted its debt in around 2014 I remember I had a gold long order ... and it crashed the gold market
I switched to short and made about 10k over night
because the EU demanded they sell assets and gold reserves
Didn't you give pretty much all of it to the US during WW2.
tbh... although it was a mistake... i couldnt blame him
at the time he sold it... it was well above its historic peak
he wasnt to know it would go much further to even triple what it was 😛
Tune in lads!
45 minutes and it starts!
common bois we can reach 20 viewers if we try hard enough
🙏🏿
i wouldn't even acknowledge her
Big oof
UKIP live guys
dickbrain lmao
Ah yes