Comment by Sogdiana on 25/12/2017 at 11:46 UTC

1 upvotes, 0 direct replies (showing 0)

View submission: Don't invest recklessly

View parent comment

Just to add before bretton woods agreement usd was backed by gold. US used its post-second world war political and military power to break usd link to gold. So about 40-60 years ago we had the same discussion about the value of paper money as we do now about crypto. Paper money evolved from a gold voucher to a proper currency.

Replies

There's nothing here!