barsenault Well-Known Member Apr 26, 2014 #1 "Although gold and silver are not by nature money, money is by nature gold and silver." - Karl Marx ... Source:
"Although gold and silver are not by nature money, money is by nature gold and silver." - Karl Marx ... Source:
B BeHereNow New Member Apr 27, 2014 #2 Yes, but how do we all buy the PM? Why, with money - and that money is not gold and silver, rather fiat. A catch 22. Gold and silver are not able to buy things. They are bought and sold, but cannot buy.
Yes, but how do we all buy the PM? Why, with money - and that money is not gold and silver, rather fiat. A catch 22. Gold and silver are not able to buy things. They are bought and sold, but cannot buy.
Pirocco Well-Known Member Apr 27, 2014 #3 Yet, after centuries, they still serve as inbetween step to buying. It doesn't really matter whether the finalization of a trade occurs in one, or two steps, especially if these occur a limited amount times in a timeframe.
Yet, after centuries, they still serve as inbetween step to buying. It doesn't really matter whether the finalization of a trade occurs in one, or two steps, especially if these occur a limited amount times in a timeframe.