Quote:
Originally Posted by jimjamuser
"Land, gold, and silver" are nice to possess, but are difficult to carry around in your pocket. Or send to your niece in Oregon. They get translated to money / dollars , which get translated into a checking account. Then into a credit card. All for the purpose of convenient ECONOMIC transactions, without which there becomes basically no US economy. I don't think that we want that!
.......Owning land, gold, and silver is a GOOD idea as a hedge against inflation. But, the concept of MONEY has great importance!
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You nailed it, the dollar is only a concept in which everyone must believe for it to be viable. Same as Bitcoin, only government isn’t involved, but they’re trying. I don’t own Bitcoin but I can see why most in the market hate it and other crypto currency. It could be their undoing if people give up their invested “dollar concept” for the “crypto concept”.