davidk ✭✭✭

Please share that wisdom with the folks down in Venezuela. (View Post)

Today perhaps, but at what price? The OP was making a point that some items are more liquid than others depending on several factors. Being able to ‘dump’ something on eBay is beyond obvious...at wha… (View Post)

It’s possible to have currency backed by something other than lies and debt, gold and silver are perfect. It becomes more clear if you stop thinking of fiat as money, but simply unbacked currency. Th… (View Post)

That would be my definition of real money. I call gold and silver money, I call unbacked paper fiat. (View Post)

I'm guessing that the Venezuelan who had 6 months or so of living expenses saved up in gold and/or silver (prior to hyperinflation really taking off) is very glad that he did. I would guess that most… (View Post)