freedomassets on Nostr: Yup. There's a good reason no fiat contains any silver anymore - the nominal value ...
Yup.
There's a good reason no fiat contains any silver anymore - the nominal value has zero chances against the silver price.
Hungary actually had silver in some circulation coins 92-94 to show their commitment to defend the value of their forint.
Well, then it went bananas like always, they stopped using silver and the forint is rushing to zero in real terms. Like all fiats.
Published at
2023-05-01 16:32:27Event JSON
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"content": "Yup.\n\nThere's a good reason no fiat contains any silver anymore - the nominal value has zero chances against the silver price.\n\nHungary actually had silver in some circulation coins 92-94 to show their commitment to defend the value of their forint.\n\nWell, then it went bananas like always, they stopped using silver and the forint is rushing to zero in real terms. Like all fiats. ",
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