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RE: We will never see Circulating Gold Coins again...

in #steemsilvergold6 years ago

I think you are very correct that it would be completely impractical to try to gold back to using gold coins or even a gold backed fiat! It has proven to fail in the past so why would we try to go down that road again! Times have changed, commerce has changed, we are a global society connected in real time and we need an economic system that supports the way the world does business today! I will buy gold all day long for a store of value, but as a currency I think it's day has come and gone!

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The same thing goes with Hyper-Inflation... I see the opposite happening... We see where Hyper-inflation get us... Thanks for commenting...

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