If everyone used GOLD instead of paper money like the sheep we are and just igno

[bloc4]

If everyone used GOLD instead of paper money like the sheep we are and just ignore the banks and the gov they will be forced to use GOLD also the power is in our own hands and you don't have to carry a lot of it....

1/10 coin will buy the equivalent of $106 worth of goods in fact... the goods weigh more than the gold itself you cant expect to have everything in your own world some sacrifices need to be made to stabelize the economomy

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[BobK71]

Such a world existed not long ago.  But you know what the elites did?  They instituted something called the gold standard to suppress the price of gold (by freely selling gold for paper currency at a fixed price.)  So if you held gold, it never appreciated and you earned no interest.  At the same time, you lived with the same inflation like everyone else, due to the state's issuance of paper and debt.

This was true as long as the state had enough gold to maintain stability.

The moral of the story is that, unless voters understand the manipulation of money, things won't really improve.

[ikydesu]

I think it's not happen, although gold is used to hedge against inflation.
Because the supply of gold is limited and paper money still can printing if the woods still alive.

[michietn94]

You need more precise value by cutting the gold into appropiate size which may be difficult for us to buy and sell.

Let say for example:
if you want to buy a TV cost $ 1000 , you need 1 bar of gold. ( still easy to trade)
But when you want start to buy vegetable that cost less than $ 10 , it may be difficult to buy them with gold

[Blind Legs Parker]

This topic is a duplicate.
I share the same views as saturn643 on the duplicate: there's a reason why people agreed to switch from gold to paper money, and that reason is that gold is unsafe to transport, as well as unsafe to accept. Banknotes were originally created to relieve people from the threat of being stolen. That's why bitcoin will have a hard time reaching average Joes: they've already proven that they didn't want the hassle, even if it meant trusting someone who shouldn't be trusted, such as someone who will print more paper money than they have gold. Regular people don't really mind. You can call them sheep if you want.
Also, history has proven to repeat itself, and every time fiat currencies failed, the people went back to gold. This time, if it happens again, bitcoin might just get a good share of them.

You need more precise value by cutting the gold into appropiate size which may be difficult for us to buy and sell.

Let say for example:
if you want to buy a TV cost $ 1000 , you need 1 bar of gold. ( still easy to trade)
But when you want start to buy vegetable that cost less than $ 10 , it may be difficult to buy them with gold

Well that's why in any system based on gold, the role of change was assumed by silver, copper and other less valuable metals. I don't see the problem here.

[MyBTT]

You would have to be really retarded and really rich to use gold instead of paper. No one is that rich.

[STT]

The original story I read was of a goldsmith who ran a credit book for those deposited gold with him.  It allowed people to spend without carrying the gold around, they settled their debts for smaller bills with notes of credit from the goldsmith and the goldsmith simply deducted this from your balance held.  

He made a profit by being the administrator of the whole deal and holding fees but it was still more sound then handling it personally.  The modern day problem with our system is our central registrar of our wealth does not hold deposits 1:1  He keeps on writing out more and more credit notes to whoever asks, most notably the big banks are bailed out to the detriment of others who dont have this inside ease of access and credit.      

People then dismiss gold as old fashioned but its idea is perfectly upto date with any economy.   You have no requirement to carry metal,  (even fractional debt would just require separate institutions) that original system was more then a few hundreds of years ago if anything it'd be easier now and they only degraded it for political bias mostly to benefit the most powerful.  
How does a government balance its books, it doesnt it degrades the ledgers accuracy that would say they are insolvent and so it affects all of the economy to serve those in power.    Or this my impression at least

[ps_jb]

You need more precise value by cutting the gold into appropiate size which may be difficult for us to buy and sell.

Let say for example:
if you want to buy a TV cost $ 1000 , you need 1 bar of gold. ( still easy to trade)
But when you want start to buy vegetable that cost less than $ 10 , it may be difficult to buy them with gold

And here SILVER will help

1g of silver is ~1.5$ - super easy to buy with it small and inexpensive goods

[zodiac3011]

Will you buy a candy bar with gold? That's the problem with gold. Because the value of gold is really high which will makes it hard to buy small thing. While the value of silver is much lower which make it easier to buy everything but this can be a nightmare when you buy a car or a house. Everything has its own weakness just use both of them in trading, buying and selling stuff. Still, it's hard to calculate everything

[DaddyMonsi]

I think this was the old practice in trading. Gold bars, silver amd other precious metals and minerals we're used but as time goes by we cant always walk around with gold and silver in our pockets, so i think for convinience purposes coins and paper money was invented.

[STT]

Thats really not the case, you do not literally have to pass gold over a counter to have a monetary system based on gold.   Right now today you can pay with credit card and that company settles your bill with your gold bar.  The only inconvenience is paying for the gold to be held at the credit card company, otherwise go ahead and buy chocolate with your gold

for convinience purposes coins and paper money was invented.

About 2 decades after the Federal Reserve started, they banned gold.  It wasnt to save the lining of your pocket from wear, heavy coins were not the reason.   It is based around central control of money for government concerns.   Capitalism is money and capital with people, our system now is Federal and power based.  Money is issued by government, capital via law not industry or production.
   The reasons for no gold are not physical, they are political

[YoonYeonghwa]

You would have to be really retarded and really rich to use gold instead of paper. No one is that rich.

So true. And how could you ever do things like print or write on gold.

[markj113]

You need more precise value by cutting the gold into appropiate size which may be difficult for us to buy and sell.

Let say for example:
if you want to buy a TV cost $ 1000 , you need 1 bar of gold. ( still easy to trade)
But when you want start to buy vegetable that cost less than $ 10 , it may be difficult to buy them with gold

You can get gold down to 0.1 grain in size (not gram) currently about $0.22

[NorrisK]

While we are at it, let's get rid of international transportation as well. Oh, maybe dump the internet as well. Some sacrifices need to be made.

No more exotic diseases spreading around the globe. Only regional foods that are in season.

You are delusional if you think we will be paying with gold in the supermarket..

[Pab]

Such a world existed not long ago.  But you know what the elites did?  They instituted something called the gold standard to suppress the price of gold (by freely selling gold for paper currency at a fixed price.)  So if you held gold, it never appreciated and you earned no interest.  At the same time, you lived with the same inflation like everyone else, due to the state's issuance of paper and debt.

This was true as long as the state had enough gold to maintain stability.

The moral of the story is that, unless voters understand the manipulation of money, things won't really improve.

Very much true,kind  of solution for modern world can be limit or  ban money  creation by comercial banks
Now central banks are serving private banks and all money are in his  hands

[European Central Bank]

I'm more of a barter man. As soon as money's created in any form anywhere then some guy somewhere will look to corrupt it.

[Betwrong]

You need more precise value by cutting the gold into appropiate size which may be difficult for us to buy and sell.

Let say for example:
if you want to buy a TV cost $ 1000 , you need 1 bar of gold. ( still easy to trade)
But when you want start to buy vegetable that cost less than $ 10 , it may be difficult to buy them with gold

I agree. And there are also things which cost even less than one dollar. That's why the payment system we have now were created. Why go back to gold? Isn't it much better to move forward, to Bitoicn?

[Nahl]

i hope it would not be happen and i think gold only good for investment especially for long term investment and paper money is still the best than gold

[lixer]

If everyone used GOLD instead of paper money like the sheep we are and just ignore the banks and the gov they will be forced to use GOLD also the power is in our own hands and you don't have to carry a lot of it....

1/10 coin will buy the equivalent of $106 worth of goods in fact... the goods weigh more than the gold itself you cant expect to have everything in your own world some sacrifices need to be made to stabelize the economomy

In the start when money invented it was in the gold face, mean that it was coins of gold. So, this method is already experienced, and this method is no more available now so its mean that this method got no success or there was problems with that method. So leave to think about that.

[davinchi]

You need more precise value by cutting the gold into appropiate size which may be difficult for us to buy and sell.

Let say for example:
if you want to buy a TV cost $ 1000 , you need 1 bar of gold. ( still easy to trade)
But when you want start to buy vegetable that cost less than $ 10 , it may be difficult to buy them with gold

It was because of that problem people of past ages left using gold as money/fiat, as it was not possible to exit an amount of gold of worth $1 or less. It became difficult for that people to buy things like vegetable, and other small things for home and other daily use.