Two of these are make-believe money or "fiat" the other one is gold and a good way to store value. Also the gold is illegal to possess here in the US and paper currency is not.
Gold has been legal to own since the late 60s or early 70s...they just don't really want people to know that. They quietly passed it while no one was paying attention. Go get some silver while the paper is still able to buy it ;)
When did it become legal to own gold again?
Yes, in this country, from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. On January 1, 1975, these restrictions were lifted and gold can now be freely held in the U. S. without any licensing or restrictions of any kind.
You are thinking the gold is not like the paper. I agree, we could melt down that gold to make circuitry, gold is a great conductor. The best. Two of these things are insulators, one is not!
The gold coin has value based on its usefulness, but also the two pieces of paper do. I could use the monopoly money to win a game of monopoly, or the fiat to buy food. The gold has value also because it is rare. The paper is not rare.
Two of these are make-believe money or "fiat" the other one is gold and a good way to store value. Also the gold is illegal to possess here in the US and paper currency is not.
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Gold has been legal to own since the late 60s or early 70s...they just don't really want people to know that. They quietly passed it while no one was paying attention. Go get some silver while the paper is still able to buy it ;)
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When did it become legal to own gold again?
Yes, in this country, from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. On January 1, 1975, these restrictions were lifted and gold can now be freely held in the U. S. without any licensing or restrictions of any kind.
http://onlygold.com/FAQ/Legal-Issues-And-Gold.asp
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.. a very good answer! :-)
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Ooh oooh! I know I know!
You are thinking the gold is not like the paper. I agree, we could melt down that gold to make circuitry, gold is a great conductor. The best. Two of these things are insulators, one is not!
The gold coin has value based on its usefulness, but also the two pieces of paper do. I could use the monopoly money to win a game of monopoly, or the fiat to buy food. The gold has value also because it is rare. The paper is not rare.
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When Chuck Norris just plays Monopoly it affects the actual world economy ...
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