Gold: Extinguisher of Foreign Debt.

in market •  7 years ago 

In this report I cover the early market action from London on Thursday, September 28th, 2017. I also look at the origin of the word money and how gold bullion is the only monetary way for sovereign nations to settle or extinguish foreign debt.

market money gold economics
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$3.49
  • Past Payouts $3.49
  • - Author $3.03
  • - Curators $0.46
42 votes
6
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    Very interesting post @maneco64. Gold is a tangible asset which is finite in quantity. It actual practical use in itself. This indicates that gold can hold its value. Fiat money is physically worth next to nothing. It relies on faith. Why would anyone want their debt settled with potentially something worth nothing?

    The central banks churn out so much paper that inflation will eventually completely erode the value of paper fiat money. The price of gold will also eventually adjust accordingly, it can't be kept down forever.

    Upvoted, followed and subscribed to your YouTube account.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      [-]
        ·  7 years ago 

      @spectrumecons Thanks for the feedback, the follow and subscription on YouTube.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        [-]
          ·  7 years ago 

        Thanks for your work @maneco64 Followed...

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00
          [-]
            ·  7 years ago 

          interesting .... that figure 6k plus is almost exactly the figure in the debt clock website ... http://www.usdebtclock.org/ ... upvoted

          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

          • Disagreement on rewards
          • Fraud or plagiarism
          • Hate speech or trolling
          • Miscategorized content or spam

          Submit
          $0.00
            [-]
              ·  7 years ago 

            Thank you for the information. My brother said Ryan air was so inexpensive because they did not serve food. You version sound logical.

            Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

            • Disagreement on rewards
            • Fraud or plagiarism
            • Hate speech or trolling
            • Miscategorized content or spam

            Submit
            $0.00
              [-]
                ·  7 years ago 

              great video dude agree with you <3

              Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

              • Disagreement on rewards
              • Fraud or plagiarism
              • Hate speech or trolling
              • Miscategorized content or spam

              Submit
              $0.00