Posted: Feb 23, 2019 1:34 am
Thommo wrote:jamest wrote:Yeah, instead, leave your whole wealth invested within fiat and government, when history shows that ALL fiat has always failed for millennia within a few decades...
This is patently untrue. It's so obvious and easily checkable that there's simply no point arguing.
The four most traded currencies in the world are the United States dollar (instituted 1792), the Euro (instituted 1999/2002), the Japanese yen (instituted 1871) and the Pound sterling (complicated, but centuries old)*.
Please, don't be a dummy. I was obviously talking about currencies being their own standard independent of anything else. This was made clear within the links provided, which you clearly haven't read. It's not about the longevity of currencies per se, but about their ability to survive independently of any other standard (like the US dollar is currently trying to do, since 1971, regards Gold). I.e., they're not backed by or based upon other assets/currencies.
You're an intelligent bloke squire, but I'm far from impressed with your comments here. Like me (6 months ago), you obviously need to immerse yourself within some serious reading. Good night to you.
ETA: Indeed, do some research regarding what a fiat currency is.