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Notice how we no longer back currency with metals. Again, hyperinflation does exist, and I did mention in my reply, liquidity crunch does not exist given curren
by ivalm 6y ago
Notice how we no longer back currency with metals. Again, hyperinflation does exist, and I did mention in my reply, liquidity crunch does not exist given current policy.
- david927 6y agoI see what you're saying. Personally, I think that hyperinflation would mean a fire sale on assets for gold and silver -- and that's a really good way to describe a liquidity crunch. But I concede the point.
- onlyrealcuzzo 6y agoAre gold and silver not assets? Why would everyone suddenly not want all the other assets and only want gold and silver?
- david927 6y agoThey're fungible assets which are incredibly liquid and easy to transport. Historically, that's money.