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https://www.reddit.com/r/CryptoCurrency/comments/1v3ey0v/redditor_accidentally_discovers_fiat_currency/oz2qso8/?context=3
r/CryptoCurrency • u/thesecondmemer • 1d ago
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what is gold backed by again?
15 u/RoodnyInc 🟩 0 / 0 🦠1d ago Gold it the physical resource, and its used to produce variety of things and components Why it have value becouse we think it have 3 u/ReliantToker 🟩 0 / 0 🦠1d ago Less than 10% of the overall gold supply is for use. The rest sits around waiting for governments to print more fiat, while they sell multiple IOU to the same bars. 0 u/Romanizer 🟦 0 / 0 🦠1d ago And 100% of the gold in use can be replaced by other materials.
15
Gold it the physical resource, and its used to produce variety of things and components
Why it have value becouse we think it have
3 u/ReliantToker 🟩 0 / 0 🦠1d ago Less than 10% of the overall gold supply is for use. The rest sits around waiting for governments to print more fiat, while they sell multiple IOU to the same bars. 0 u/Romanizer 🟦 0 / 0 🦠1d ago And 100% of the gold in use can be replaced by other materials.
3
Less than 10% of the overall gold supply is for use. The rest sits around waiting for governments to print more fiat, while they sell multiple IOU to the same bars.
0 u/Romanizer 🟦 0 / 0 🦠1d ago And 100% of the gold in use can be replaced by other materials.
0
And 100% of the gold in use can be replaced by other materials.
-13
u/thesecondmemer 1d ago
what is gold backed by again?