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Old 06-11-2012, 06:52 PM   #1
tropicana

Join Date
Oct 2005
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In this case the money is based off of the credit of the government instead of the individuals. "If you don't hold it, you don't own it"....if you trade it for paper then you are entrusting someone else to hold it and the note is trusted to be redeemable for the object.
Maybe, though I'm not sure that the words credit and credible can be used interchangeably to mean the same thing like that.

But anyway, gold as opposed to paper has a perceived value as well, doesn't it? It's value being determined by the elite aristocracy or government, as is always the case.

Unless, the store is free to compete with the official coin of the realm.

Ah, WTF... I'm yammering out my ass. Sorry. Over my head.
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