Sunday, 7 July 2024

Currency Backers


Items featured in this comic: Sapphire, Emerald, Ruby, Diamond, Gold Ring, Gold Bar, Silver Bar, Bronze Bar, Garnet, Aquamarine, Limestone Brick, Teak Plank, Mahogany Plank, Amethyst, Topaz.

Fiat currencies are dead, or so it seems. However, some countries are not taking any chances and are resorting to backing their currencies with precious metals. Having a currency that's backed by gold bars, silver bars or gold rings definitely makes sense. I do not know about having currencies backed by gems such as sapphires, emeralds, rubies, diamonds, garnets, aquamarines, amethysts or topazes, but I do not approve of having currencies backed by bronze bars, teak planks, mahogany planks and limestone bricks because backing currency with objects in real life is not like the video games.

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