|Hugo Gorilla |
That wasn't the tip, right? I mean, they left real money and that was just included because to do otherwise is a real dick move.
It might be worth something someday to people who collect weird political memorabilia.
1 oz. of copper is currently worth $0.26
I love copper and every alloy containing it.
Bronze bearings are some weird shit. They leak out this weird oil when they get hot.
Redeemable for spit-cumload in food with next visit.
A WHEAT PENNY? Why, those are NEVER found everywhere you look all the time!
|Spastic Avenger |
I'm sure in ten years the paranumismatic/exonumia circuits will be buzzing over the Liberty Dollar. The seignorage on that huge copper coin is still too high for it to be considered anything more than a token/fiat currency, and I assume the whole point of making it was a return to specie.
I don't understand why people have a problem with currency that isn't backed up by bars of gold. I am no expert in economics and I'm sticking my neck out here and asking to be served like a little bitch but why would I want the dollar value of my car and house to be linked to how much gold they dig up this year in South Africa?
Would you like the boring answer or the very boring answer?
It's shiny and you can see it.
Give me the "Aside from the fact that it's GOLD!!! SWEET SWEET GOLD!!" boring answer that I can use whenever someone says the gold standard must be returned to.
One thing I've always wondered about the gold standard:
What's the difference between money being backed by the agreed-upon value of a piece of paper,
vs the agreed upon value of the shiny rocks?
And another thing, does gold have some inherent property that makes it valuable other than 'ohh shiney'? Rarity? Why not back it with diamonds, or platinum? Or uranium?
On a separate note, could you back currency with energy output? Or labor hours?
Gold was useful because it didn't tarnish and could be melted down over and over without any loss of materials or value (aside from artistic/antique, perhaps).
Diamonds aren't all that rare, technically, and they can't be sub-divided into handy monetary amounts or combined to make larger units. Platinum required melting temps far too high for most of human civilization to master; I'm not sure how D&D claims it's done (maybe by magic, I guess). Uranium's value wasn't known about until recently, and I don't think I'd want to carry around a radioactive coin. Plus it decays over time.
There are any number of ways you can back a currency, but gold has quite a few problems in that its value can fluctuate wildly, it can't really be used to manage an economy's highs and lows the way a fiat currency can, and someone (or other countries) can screw with your monetary system by buying up or selling lots of gold. Plus, if things ever got as bad as the gold-nuts think they will, gold won't be the basic unit of exchange: Canned goods and bullets (traded or fired) will be.
gold also has a commodity value outside its currency value, meaning that application involving gold will be a huge influence on the value of gold as the medium of exchange.
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