Yass I'd be here for that, let's compile a list I'm from Europe!
btw if y'all are gonna work in team, it would be convenient if a team is sort of on the same time zone, or it might be spiteful to get a good selection of contestants from your respective region and then picking outsiders in case you have to toss them when elimination times come up
NOTE: we have no one from the region of
or at least in the Application survey I didn't asked...I just assumed most of y'all are from the Americas/Europe/Asia
Yeah, in my economics class, we learned about how the paper dollars of today have no gold backing. In all honesty, paper currency is just paper -- a mere agreement of worth backed by a few promises, such as character and collateral. Years ago, the dollar used to say "silver certificate" or "gold certificate" at the very top, and that meant that it could be directly exchanged for a physical commodity of value at a Federal Reserve. In the modern day, it says "Federal Reserve Note," more or less an IOU.
btw if y'all are gonna work in team, it would be convenient if a team is sort of on the same time zone, or it might be spiteful to get a good selection of contestants from your respective region and then picking outsiders in case you have to toss them when elimination times come up
NOTE: we have no one from the region of
or at least in the Application survey I didn't asked...I just assumed most of y'all are from the Americas/Europe/Asia
Ohh yeah, that's true!
Quote:
Originally posted by Element
Yeah, in my economics class, we learned about how the paper dollars of today have no gold backing. In all honesty, paper currency is just paper -- a mere agreement of worth backed by a few promises, such as character and collateral. Years ago, the dollar used to say "silver certificate" or "gold certificate" at the very top, and that meant that it could be directly exchanged for a physical commodity of value at a Federal Reserve. In the modern day, it says "Federal Reserve Note," more or less an IOU.
Yass I learned about that when I was taught hyperinflation nn before I was just like why can't we just print more of this ****
Wait does this apply with anything related to the Stock Market Element?
Also can y'all do the MACARENA dance?
My class hasn't discussed the stock market yet, but it's all interrelated. From prior reading, I know that the prices of gold and silver fluctuate in direct proportion with the stock market and the value of the dollar. When the economy is bad, and the stock market is not doing well, the dollar price of gold/silver will increase. So, theoretically, say you bought a bar of silver for $200 before the economy crashed in 2007-2008. During the recession, the bar would be worth a higher dollar value, because it is a tangible good. The value is there in your hand. It's not an abstract agreement, like paper currency is.
As you can see from these graphs, the spot price of silver jumped quite a bit in the first few months of 2008 -- the beginning months of the Great Recession. I actually own some silver and gold assets, and it's a good idea for people to invest in them, due to their tangible nature.
And, yes, I can do that dance. I learned the "Month-A-Rena" in Kindergarten!
January, February, March, April
May, June, July, August
September
October
November
December
HEYYYYY Month-A-Rena! *CLAP*
My class hasn't discussed the stock market yet, but it's all interrelated. From prior reading, I know that the prices of gold and silver fluctuate in direct proportion with the stock market and the value of the dollar. When the economy is bad, and the stock market is not doing well, the dollar price of gold/silver will increase. So, theoretically, say you bought a bar of silver for $200 before the economy crashed in 2007-2008. During the recession, the bar would be worth a higher dollar value, because it is a tangible good. The value is there in your hand. It's not an abstract agreement, like paper currency is.
As you can see from these graphs, the spot price of silver jumped quite a bit in the first few months of 2008 -- the beginning months of the Great Recession. I actually own some silver and gold assets, and it's a good idea for people to invest in them, due to their tangible nature.
And, yes, I can do that dance. I learned the "Month-A-Rena" in Kindergarten!
January, February, March, April
May, June, July, August
September
October
November
December
HEYYYYY Month-A-Rena! *CLAP*
Here is another graph that shows a larger picture of silver prices during the mid-2000s.
I'm from Europe!
