06-28-2010, 08:46 AM
(06-28-2010, 01:02 AM)velvetfog Wrote: The price of gold keeps changing, the face value of a coin does not.only in theory.
a hundered dollar bill will not
buy the same amount of goods as it once did because of inflation.
a coin is of itself worthless. the thing that makes it worth whatever the denomination is the promise a gov gives to the bearer.
basically it's just a metal cheque.. one of the ways to show this is to measure each currency against all the other currencies. the value changes by the second.
the absurdity of a 100kg coin makes your remark about fluctuations in the precious metal market equally absurd
.