On the call: Value Of Currency Based On Natural Resources
The idea that currency value can or will be based on the mere existence of natural resources is grievously incorrect.
The "side note" Wikipedia article about Israel's currency and Natural Gas resource that's being used as evidence doesn't back up the notion at all.
What it says is:
"Future exploitation of the resource may help to increase the value of the currency."
"Future Exploitation", what does it mean? It means it has to be brought to market, i.e. pumped, mined, refined, marketed and sold for a profit. Until this happens the resource has zero value and zero effect on an economy or the value of it's currency. Read and understand the words in the Wikipedia article being quoted. It's written in plain clear simple English and very easy to understand. Nobody who's paying attention can possibly misunderstand it. It can only be misquoted or misrepresented.
Nobody is allowing Israel or any other country to increase the value of its currency simply because a natural resource was discovered or documented. The resource HAS to first be EXPLOITED (this means obtained and sold), before it MAY have an impact on an economy and thereby MAYBE increase the value of its currency.
Don't take my word for it. Read the Wikipedia article for yourself. It's one simple short paragraph that virtually anyone can understand quite easily.