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And even then, you'd have to worry about the currency

Posted on: April 10, 2025 at 12:36:10 CT

Mormad MU

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or commodity getting devalued.

Was always strange to me that gold was the chosen one. It's pretty and shiny, but so are other things. I guess it can be used practically somewhat, but not as much as other metals.

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Should someone care that has no debt a good pension...who - Logan STL - 4/10 12:22:09

What supports your pension payment? - Mormad MU - 4/10 12:24:07

That is correct. So a person couldn't entirely depart from - Logan STL - 4/10 12:33:58

And even then, you'd have to worry about the currency - Mormad MU - 4/10 12:36:10

Gold ticked a lot of the boxes of what makes a good unit of - JeffB MU

- 4/10 12:47:31

That puzzled me also...what made gold the standard? (nm) - Logan STL - 4/10 12:39:05

Why Did the World Choose a Gold Standard Instead of a Silver - JeffB MU

- 4/10 13:08:34

Thanks...interesting. (nm) - Logan STL - 4/10 13:15:24

yw, glad it was of interest to you. (nm) - JeffB MU

- 4/10 15:42:07

It's called the Gold Standard, you couldn't really use - DHighlander NWMSU - 4/10 12:40:58

What you say is correct but individual's pension benefits - DHighlander NWMSU - 4/10 12:29:49

Yes, I'd agree with that - largely not an issue except for - Mormad MU - 4/10 12:33:59

RE: What supports your pension payment? - sks MU - 4/10 12:27:55

Agreed, but if the employer goes bankrupt - Mormad MU - 4/10 12:31:17

Most of the teacher only pension plans are fully funded. - DHighlander NWMSU - 4/10 12:39:46

I'm not sure, Yoda (nm) - 90Tiger STL - 4/10 12:24:00