Submitted by XSauravX t3_ztz1y9 in explainlikeimfive
jasandliz t1_j1g64mu wrote
Canada’s is sitting on lots of gold. It’s just in the ground. If people are buying what you can dig up, then print that money.
XSauravX OP t1_j1g9ssc wrote
But it takes a lot of time to mine cuz it involves a lot of things and will that not create a problem when there is need of gold
MercSLSAMG t1_j1gmr40 wrote
There will never be a need of gold as a currency, only as a commodity. Gold is the same as lumber and oil - they are commodities that are traded for a set value.
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