Gold & Silver Economy

Finally a non-coin thread. Thank you!

bitcoin and litecoin general?

what does this have to do with crypto?

NO crypto, I hate fake money!

>>2743358
OUT!

>>2743362
in theory you could make a crypto where the state issues the crpyto currency equivalent of the deposited precious metals and guarantees it's safe keeping and interchangeability.

it wouldn't be decentralized and it wouldn't be mined, but the ledger would be open for everyone to check.

all we would need is a way for the public to keep an eye on the gold reserves. so that no more of the currency could be issued as gold deposited.

that was always the problem tho with paper money even on golds standard.

>>2743295
>gold and silver
wtf is this shitcoin?

>>2743547
Digital currency, only a Jew would tell you to invest in non-solid currency.

>>2743559
>gold market is controled by jews
>he calls it "solid"
nice b8 m8

No. In fact if the gold standard were to be enacted again their would be a depression due to the restriction of capital due to the fixed amount of physical assets. Money is simply a medium of exchange and it's best to issue it debt free by the treasury to be used as a tool of creating and liberating and not a tool of debt and enslavement.

>>2743573
Good answer. Could you continue?

What do you want to know?

>>2743625
Debt free?

There is just no way to stabilise an economy that runs on the gold standard, there would be periods of extreme growth with insanely high inflation and huge depressions with deflation, it would be impossible to plan for the future as the economy would be so unstable.

Only a handful of countries on this planet could actually do this. This wont happen because of the complexities involved. Plus with how soft gold is, the very small amounts for daily use (some still use cash instead of cards on small purchases, assume some will do same with gold or silver) could actually break apart. At the least coins dont.

>>2743638

what the hell are you talking about?
gold and gold backed currencies were standard for centuries... before the greedy kikes took over and fucked us all out of our money

>>2743629

Money issued by government is debt free to society as opposed to money issued by privately owned central banks like the FED.

>>2743654

The greatest expansionary periods have always been under fiat currencies. See Rome and great Britain tally sticks

>>2743676

i really have no idea where you get this nonsene from
the roman empire used a silver denarius as currency. after they debased their currency it lead to hyperinflation, a wealth transfer from poor to rich and eventually the collapse of the empire
the pound sterling was also backed by gold up until WW1.

>>2743654

Yeah and economic growth has been thousands of times higher since we left the gold standard. The only reason gold standard worked was because everyone was poor as fuck back then with only a bunch of people concentrating purchasing power. When you have a larger more decentralized economy fixed supply only causes extreme fluctuations, you see it with crypto.

>>2743729
Richer in wealth, but not in mind and soul.

>>2743729
What about copper coins or aluminium?

>>2743729

you really have no clue what youre talking about m8 (or are a jew trying to deceive the dumb goyim)
the only economic growth we have is due to central banks flooding the market with worthless paper money. eg a wealth transfer from middle classe to big corporations and the elites through inflation. purchasing power and standards of living have been on a standstill or decline for decades because of fiat money.

>When you have a larger more decentralized economy fixed supply only causes extreme fluctuations, you see it with crypto.

this just gets more and more retarded
first of all a lot of cryptos dont even have a cap on coin circulation. second the price is fluctuating because its a new asset class and the market is trying to determine the price. volatiliy will go down over time and has already been reducing.
and how can you speak of a decentralized economy when a small handful of central banks control the currency, interest rates and also hold YUGE amounts of stocks and bonds?

http://www.independent.co.uk/news/business/news/brexit-pound-sterling-bitcoin-prices-unstable-volatile-exchange-referendum-a7129311.html

so much for the stability of fiat money!

>>2743791
you are not very bright

>>2743808

strong argument anon

>>2743777
>the only economic growth we have is due to central banks flooding the market with worthless paper money

Libertarians are so funny it's like they live in a parallel universe, billions of people have access to expensive education, healthcare, cars, electronics, international travel, etc but somehow these retards say that standards of living haven't increased, how dense do you have to be?

>>2743824
>currency becomes unstable and falls because of unlikely event that will probably have negative effects on growth
>failure of fiat currency
choose one