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Originally posted by PonderableI changed my mind, my comment was irrelevant. 🙂
a characteristic of all money I think. We all presume money to have real value and thus it has.
It is the same with Gold which besides its luster has not much to offer as material, but is held to be precious anyway.
Originally posted by PonderableEngland(gods own country) has sterling silver at its core.
a characteristic of all money I think. We all presume money to have real value and thus it has.
It is the same with Gold which besides its luster has not much to offer as material, but is held to be precious anyway.
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Originally posted by The GravediggerYeah, but do you really want your country's finances to rely on the honesty of De Beers?
Gold has been money for over 5000 years.
All paper (fiat) money fails.
All money eventually fails, full stop. Even gold coins. They're always made to be worth slightly more than the gold content, and then devolution happens - and then shaving.
The £ is the oldest currency.
Snigger. Not by a long shot. It may be one of the oldest surviving ones, but that doesn't say much, what with the Euro and all.
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Originally posted by PonderableI don't think it was a test run; AIUI they're going in order of value. So the twenty will be next, then the fifty, and after that the ones nobody but w^hbankers and car dealers use.
In fact I ask myself why they didn't do the 50 € next...it is the most faked note.
I understand they did a test run with the fiver.
Originally posted by Shallow Bluead 775 oldest coin still in use is English check it out shallow.
Yeah, but do you really want your country's finances to rely on the honesty of De Beers?All paper (fiat) money fails.
All money eventually fails, full stop. Even gold coins. They're always made to be worth slightly more than the gold content, and then devolution happens - and then shaving.
[quote]The £ is the oldest currency.[/quo ...[text shortened]... may be one of the oldest surviving ones, but that doesn't say much, what with the Euro and all.