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Many things happen that have not happened since 1933. You know what also was backed by the full faith and credit of the government of the United States of Amer
by JonathanBeuys 4y ago
Many things happen that have not happened since 1933.
You know what also was backed by the full faith and credit of the government of the United States of America? That you can get the value of your dollar in gold. That "backing" was also in place for over a hundred years. Until the government decided to just say "Sorry, we decided otherwise. You cannot get your gold out anymore.".
- Gwypaas 4y agoWhat is the purpose of gold? It is a shiny metal with some nice electric properties. Exactly like platinum, copper or whatever else. The inherent "value" of it outside it's physical properties is as much of a human construct based on trust as the dollar.