Re: Brand Spankin New Totem
Um, Dank, an educated man knows that we have a fiat currency system which was established with the abolishment of the gold standard in 1971 and that the value of our currency is a factor of international debt and global exchange rates.
Actually there is about $253,000,000,000 in physical currency the last time I checked, and thats not even enough CASH to pay for the value of the USA's accounts payable or receivable.
However, that doesn't mean I can purchase any product on the market for HALF of its value with cash or troy gold ounces. I might get a 3-7% break for paying with cash. If I tried to buy a car with a gold bar the dealership wouldn't know what to do...
So it doesnt reflect reality worth a damn actually.