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So the value of money is based on bul...

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Ballasticmissile
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Username: Ballasticmissile

Post Number: 10041
Registered: 07-2012
Posted From: 87.164.117.202

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Posted on Wednesday, May 30, 2018 - 05:38 pm:       

I read a book yesterday....

According to which....

Dollar , pound and all currencies based their value on gold.....and from late 1970s most economies shifted from gold standard.....

But whether it’s imf or European bank established in 1998 or any financial institution start with gold reserves as one of asset on which the institution is further built.....

Interesting.....

But money itself is a over rated medium of exchanging goods according to some economists....

Conservative thinking makes gold the best bet.....
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Dead:1/12/2017
iPad: post number 556

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