Go figure, once again the dollar is once again losing its value, but it paved the way for gold to reach a new record high at $1048.43 an ounce. That point being made, will someone please tell me why are we still using paper money? I think it goes beyond printing money, though my point compliments printing the argument against printing more paper currency. As long as we have trees and recycle paper, the value of paper money will continue to decrease, as there is an endless possibility of printing paper through the cutting down of trees (hint, hint environmentalists).
The only way to go is gold. The value increases as it becomes more rare. And because gold is gold and can't be made out of another factor like paper, the inability to duplicate the resource makes it difficult, if not impossible, for government to regulate it. But that's just my thinking, who asks me anything?
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