On the margin, however, the quantity of
new commodity money entering such systems will be small compared to the total supply of the commodity in any given period of time.
Still I can't help adding one more, having planned to do so since my last post on the topic, and having as well a selfish motive in mind, to wit, that of supplying myself with some materials with which to revise and expand my paper on «
Synthetic Commodity Money.»
Is there an advantage to investing
in commodity money and if so, what percentage of your personal...
David Merkel (Aleph Blog): Currency Wars, by James Rickards, made me think that maybe, just maybe, we will
get commodity money, even a gold standard back one day.
When asked whether he sees bitcoin as a currency or a speculative vehicle, Cameron says he views bitcoin
as commodity money.
This makes Trest is a true digital «token of value» which is neither backed by «the market» (
commodity money) or «the state» (fiat money).
That s my best guess as it looks now but all asset classes seemingly are being manipulated from gold to bonds to currencies to stocks.Which one breaks away from the puppet strings that the Central Banks are holding on to.Fascinating that the dollar is surging causing gold and
commodities money to be diverted to stocks.Is the dollar being purchased by our Fed?
Would conflict with lender of last resort, which was more a product of
a commodity money era.
Presumably Adam starts off with some kind of currency, either fiat money or
commodity money.
For all its disadvantages,
commodity money (gold) was at least tethered to reality by a real cost of production.
I would not advocate a return to
commodity money, but would certainly advocate 100 percent reserve requirements for banks (approached gradually), as well as an end to the practice of buying stocks on the margin.
Fiat money is not intrinsic in nature that is the reason why it is not at all related to
commodity money.