Sunday, March 29, 2009

Money, what's it's value?


Money what's it's value? This is a question that I hear most often. Well let's try to answer this question with a few questions first:




1. How much is enough?



2. Is it more then gold or Silver?



3. What is the value of the green back (Paper currency)?



4. Who decides what's it's worth?



5. Is it paper, or is it money?



6. Do you have enough to survive?



Well first of all, it's made of paper, expensive paper and ink. Second, the stock markets have told you recently that you have lost the original value that they told you it was worth. Third, the government decides what's it's worth.


With that said, you should also ask yourself, what backs or supports the value of money? Is it gold? I'm sure by now you have an idea what's it's worth, and it's value, if you have answered the questions above.


Therefore, when your at the store buying something you need, remember it may be worth something today or it may be just paper tomorrow. Word of advice, do not keep your eggs in one basket.



No comments:

Post a Comment