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> It's not money if all you do is hold it lol. Hmm, we need to tell every Central Bank in the world that the gold bars they're holding aren't money. Fort Knox
by scottiebarnes 5y ago
> It's not money if all you do is hold it lol.
Hmm, we need to tell every Central Bank in the world that the gold bars they're holding aren't money.
Fort Knox must be a cover for government experimentation on aliens.
- detaro 5y ago... which Central Bank refers to their gold assets as "money"?
- scottiebarnes 5y agoYou're right, they wouldn't refer to it as money because that would undermine the power of their own printed fiat currency. So its just some sort of very expensive commodity asset, which is used to store value, which we can expect to use to trade with other people, which USED to be money but somehow isn't anymore.
- arcticbull 5y ago> You're right, they wouldn't refer to it as money because that would undermine the power of their own printed fiat currency. No they don't refer to it as money because words have meaning.