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PostPosted: 07 Feb 2017, 04:49 
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Gold standard ceased to exist when Nixon signed it off.
I think you're a few decades off. Gold standard ceased to exist in 1934..


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PostPosted: 07 Feb 2017, 04:52 
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You're right. FDR was the one. I mistaken that with the "Nixon shock."


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PostPosted: 07 Feb 2017, 04:59 
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You're all wrong - memes are the strongest currency
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PostPosted: 07 Feb 2017, 05:04 
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Akash wrote: You're all wrong - memes are the strongest currency
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That would make 4Chan Anon's the new Rothschild's.


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PostPosted: 07 Feb 2017, 05:07 
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yeah iam sorry. Currency not backed by gold but by nothing (many theories and arguments as to what exactly)


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PostPosted: 07 Feb 2017, 05:46 
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Currencies value today is based on people perceiving that it is valuable, all the other theories and arguments build upon that or are bullshit.


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PostPosted: 07 Feb 2017, 16:36 
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Good currencies are backed by good governance which is much more valuable than some piece of metal.

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http://graphics.wsj.com/investment-banking-scorecard/


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