The CBI is buying back dinars with gold!
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Thread: The CBI is buying back dinars with gold!


    
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    The CBI is buying back dinars with gold!

    OMG the CBI is offering to buy back dinars with gold! And since gold is the most valuable form of currency in the world it must mean the dinar is also going to be the most valuable currency in the world...RIGHT?!!...

    Well ummm actually no not really. You first have to be clear on how much gold is being paid per dinar to effectively determine the relationship of value since not every piece of gold in the world is of the same worth. This actually MATTERS!
    In other words, a flake is worth less than a nugget...a nugget is worth less than a bar...etc. How much gold is being paid per dinar exactly? You can't just automatically assume or arbitrarily imply that it means the dinar will hold the same value as gold based on equal parts. Well you cannnnn, but...that would be an extremely inaccurate portrayal.

    For example, I'd pay gold for dinars too, say $10 worth of gold for 1 million dinars...any takers? No? Why not? What do you mean you'd be losing about a grand per million dinars? Who cares? At least you'd be getting real gold for it which everyone knows is the most valuable currency in the world so that in itself HAS to mean.... Oh wait...DARN! no it doesn't...well for Pete's sake there goes another HUGE rosie point down the drain...
    Last edited by Kblp; 11-10-2015 at 01:07 AM.



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