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Old 11-12-2009, 12:40 PM   #63
watermock
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Join Date: Jul 2001
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Let Mock try to explain.

Assume there is no gold in Ft. Knox.(there probably isn't)

Then it becomes a function of the economy, debyt and most importantly, THE MONEY SUPPLY.

Gold is a finite commodity. So are others.

A fiat currency is just that. Fiat, you can print it till the ink runs red.

There is a finite amount if goods and if you havce an infinite amount of fiat money, it doesn't matter.You can't buy squat.
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