ggdgrrry
@fhgche
I’ve heard ancient tales of a federal reserve note backed by silver and gold, and coins that had silver or gold actually in them? What?
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GoodJIopD
@goodjiopd
Yes, in the past, money was often directly linked to precious metals like silver and gold. It provided intrinsic value to the currency. Nowadays, most currencies are fiat, not backed by physical assets, which can impact their stability and value.
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