In the 1900s, money is really made from precious metals
like gold and silver. 1-dollar coins were made from an ounce
silver. 20-dollars coins were made from an ounce gold. Those were
the days when a burger costs 5 cents, a stay in a hotel costs
$1.50, dinner at a restaurant costs 75 cents.....
Until maybe someone complained that they were too heavy to carry
around, then the Central Banks said, "ok, I store the gold and
silver for you in my storeroom while I issue you a piece of
paper that represent a ounce of gold/silver in my
storeroom."
Thus "banknotes" were born and till today, it evolved to become
"currency notes".
Common sense tells you, the amount of gold/silver stored in
central banks must tally with the amount of notes printed, right?
But not quite in the case of "Omerica". They have too much debts
and printed too many currency notes. Nowadays, many other central
banks are holding on to their precious metals.
So now you tell me, would you prefer to hold a piece of paper or
the actual precious metal?
You decide..... lol 