https://www.e-dinar.com/cgi/?page=dinardirham&a=_4
It doesn't suffer inflation because it contains its value inside itself. The same applies to the Gold and Silver Maples. You can't say the same for the Canadian dollar.
The gold dinar and the silver dirham.
- Thread starter White_Unifier
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https://www.e-dinar.com/cgi/?page=dinardirham&a=_4
It doesn't suffer inflation because it contains its value inside itself. The same applies to the Gold and Silver Maples. You can't say the same for the Canadian dollar.
Exactly like Maples which are extremely popular amongst traders of precious metals or goods and services.
If what it is worth, is based on , let's say, the u.s. dollar, then it changes in value based on the value of the u.s. dollar.
The dollar is backed by GDP, gold and silver by demand. Yes gold and silver do swing wildly just like the dollar.
Was there something wrong with the Scotia bank link?
Pawn shops, asseyers, money mart, banks, dope dealers etc etc etc
I guess you need to learn about "spot" pricing.
http://www.dinarshops.com/index.cgi#resultsanchor
Here's a Turkish restaurant in Japan that accepts dinars and dirhams. Show me a business in Canada that will accept fair paiment in Mapleleaf at the coin's intrinsic value. Few would want to waste their time calculating its value because there isn't a large enough network where it can be used.
Here's a Turkish restaurant in Japan that accepts dinars and dirhams. Show me a business in Canada that will accept fair paiment in Mapleleaf at the coin's intrinsic value. Few would want to waste their time calculating its value because there isn't a large enough network where it can be used.
Gold and silver can swing wildly over the short term, but keep within a range over the long term. The dollar is in continuous inflation because the bank actively aims for constant inflation between 1 and 2 percent.
Okay, but as the dollar continues to inflate, that 20CAD coin will eventually be worth more than 20 CAD because it would have held its intrinsic value while the fiat currency inflated. At that point would would want to trade for more than 20.00 but the 20.00 printed on it would confuse the merchant.
They swing long term too.
Once again meet a Canadian $20 silver coin accepted anywhere in the world as $20 Canadian
Once again meet a Canadian $20 silver coin accepted anywhere in the world as $20 Canadian
With that, you don't want to pin a gold currency to a fiat one since no one would want to trade it at its face value.
A full copper penny was worth 3.5,cents just 6 years ago.
When that happened Canada cashed in.
They swing long term too.
Once again meet a Canadian $20 silver coin accepted anywhere in the world as $20 Canadian
Yes. But with inflation, its intrinsic value will eventually reach more than 20.00 CAD. At that point, who would want to trade it in at a 20.00 CAD value once it's worth more than that?
The dinar and dirham are not pinned to any other currency. They are not even pinned to one another. They are valued simply according to the Gold or silver inherent in them.
Makes sense. Now imagine it was not called a 1c coin but rather just a copper penny worth according to its intrinsic value.
That is the concept behind the dinar and dirham. They are worth what the metal in them is worth. They are not pinned to any other currency and so fluctuate along with gold and silver.
and if one wanted to buy something, one would need to, both the buyer and the seller, know exactly what the spot price was for gold and silver. Not practical at all.
The Canadian Govt would just like when they cashed in on the nickel and copper in change. The penny went from copper, to aluminum to steel and then ended.
Nickels, quarters and dimes were once semi precious nickel but their scrap or "spot" value out weighed face value and cha f-cking ching
BTW gold silver and copper coins were around longer before any Muzzie praised Allah
A bunch of businesses around the world use it now. I've already shown the link.
The CAD fluctuates daily too, but that does not mean shops change their prices daily. You just choose mean price and leave it there. With yhe CAD though, you will eventually need to raise the mean price. With the dinar and dirham, since they will tend to deflate as much as inflate and hold their value over the long term, you could leave tge mean price as is for decades. Since the dibar abd dirham aren't legal (but not illegal either) in Canada, a business in Canada must legally accept legal tender, dinars and dirhams merely bring optional. So if a business chooaes to do business in both currencies, it would need to update the mean price in CAD regularly, but not in d and d.
Same with wages. A worker paid in d and d knows that while gold and silver fluctuate, they do do always within a range and so maintain their value over the long term. This means he could be happy with the same wage over many years. Not so the one paid in CAD.
Again as explained there is something called SPOT PRICE for gold and silver. look it up
Did you need tutors to get through high school?
Because the US dollar is fiat, it always tends to inflate over the long term at least. Because gold has value in itself, it tends to maintain its value over the long run. Same with silver. So compared to US or even Canadian dollars, gold and silver will tend to forever rise in price over the long haul. But in reality, the Gold and Silver are not rising in price. They are just maintaining their value inflation-free +again, at least over the long term). It's the US dollar that's constantly dropping in value.
India is a perfect example of where you can lop a piece off a maple and buy a meal. It's gold. Gold is currency.
Big deal. You can break off a piece of bouillon in Canada for a meal, too.
http://en.m.wikipedia.org/wiki/Bouillon_cube
Big deal. You can break off a piece of bouillon in Canada for a meal, too.
http://en.m.wikipedia.org/wiki/Bouillon_cube
But, you said we would base the value of the gold coins on u.s. dollars or Canadian dollars. Do you want me to quote where you said that?