wingedcentaur profile image 86

The value of currency


As you know, the United States, at different points in its history, has attached its currency to some seemingly ubiquitous and eternal mineral resource. At first it was gold, then there was a "bimetallism" movement at the turn of the twentieth century. And for thirty-plus years we've been trying to convince the world that the U.S. dollar is worth its weight in oil, "black gold," -- the so-called "petro-dollars." My question is this: Has any other country, to your knowledge, ever tried to attach its currency to some seemingly ubiquitous and eternal mineral resource?

 

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Evan G Rogers profile image78

Evan G Rogers says

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6 years ago
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