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 Replies: 17 / Views: 2,702 |
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Pillar of the Community
United States
2120 Posts |
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Moderator
 United States
187702 Posts |
Great article. I love the closing... Quote:
Today of course, we don't use gold as money; we use paper. It doesn't kill you, but it can be found in abundance and has an annoying tendency to burn when it comes into contact with a flame. |
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Pillar of the Community
 United States
2120 Posts |
haha yea. I love light hearted articles like that.
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Valued Member
United States
163 Posts |
Enjoyed reading it. Loved the ending. I wonder why paper has a tendency to do that  |
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Valued Member
United States
451 Posts |
lol good read! I am putting it on my facebook :)
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Bedrock of the Community
United States
20753 Posts |
AHHH yes Gold. He could have ended up with paper money from the start. No, he would have found out about termites.  |
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Bedrock of the Community
Australia
21786 Posts |
So perhaps we are in a 'gold bubble'? It may pop with a loud 'thud'.
Actually gold is the 19th most abundant element in the earth's crust.
I have owned at least a few gold coins, ancient and modern over decades. I have seen gold prices rise and fall several times. The whatever current gold price just does not interest me much now. It is just that gold has a legitimate place in the history of coinage, and because of that, has a no more or less legitimate place in my collection. Same for silver (or copper) for that matter.
I even have a small representative collection of coins made from all of the metals and alloys from which coins have been made, just for the interest to someone who may not know a thing about coins. About the only alloy not represented is Goloid.
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Pillar of the Community
Canada
4227 Posts |
Cute article ... I shared it too |
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Pillar of the Community
United States
757 Posts |
"The periodic table looks kind of like a bingo card. Each square has a different element in it."
bwahaha!
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Pillar of the Community
United States
2541 Posts |
That's pretty funny stuff!
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Valued Member
United States
53 Posts |
Thanks for sharing....I enjoyed it.
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Bedrock of the Community
United States
10045 Posts |
good thing I store all my lithium bullion in an argon-filled safe.  |
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Valued Member
United States
66 Posts |
Thanks for sharing that is a most stimulating read,I enjoyed it very much.
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Pillar of the Community
United States
4989 Posts |
Good article it is funny but also true particularly with respect to the switch from Gold to Fiat (Paper) money. Interestingly, the vast majority of paper money is not paper but, rather, ones and zeros inside a computer. Of the M3 money supply, I believe only 10%-15% or so is actually minted bills and coins. The rest are ledger accounts inside computers or, historically, in bank books. Hence, if everyone wanted to cash in simultaneously we would be out of luck since they have nowhere near enough currency. Ponzi?
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Moderator
United States
187702 Posts |
Quote:
good thing I store all my lithium bullion in an argon-filled safe. I need to slow down. On the first pass I saw "latinum" not lithium! Quote:
Ponzi? Charles Ponzi was name-dropped on this week's episode of Boardwalk Empire. One of the secondary characters was complaining about how he lost all of his money investing it with him. The episode, set sometime before the 1920 elections, times well with the collapse of the scheme. |
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Bedrock of the Community
United States
10045 Posts |
Quote:On the first pass I saw "latinum" not lithium!  Admittedly, I'm a bit of a Ferengi at coin shows. |
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Replies: 17 / Views: 2,702 |
Posted 11/19/2010 5:56 pm
