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It’s been a fair trade off of benefits/drawbacks in the past - you don’t have to hold gold, you can hold a currency that is stable and reliable, you can use it
by westiseast 8y ago
It’s been a fair trade off of benefits/drawbacks in the past - you don’t have to hold gold, you can hold a currency that is stable and reliable, you can use it to trade around the world for modern goods and services. You put yourself at the mercy of the US, but if the US follows international rules and acts multilaterally and you’re not North Korea, the risks are small.
- Havoc 8y ago>It’s been a fair trade off of benefits/drawbacks in the past - you don’t have to hold gold, you can hold a currency that is stable and reliable I'd contend that holding a basket of currencies is even more stable and reliable. Basic diversification logic would suggest that a basket of USD / EUR / GBP / AUD / CAD / NOK is safer than just USD.