The answer is very easy it is to back the currency with bullion both gold and silver which was what happen from the first when the first white people arrived until 1913 then the bullion was slowly removed from the coins until we get to 1972 when Nixon took the USA of the gold standard alltogether and we follow suit like just about every other country on the plant.
The Dinar is the only currency to have gold as a backing that is the Mid east.
You have a look at a 1966 50cent coin it has 1/3 oz of silver so the gov. of the day could not issue any more than they had silver in the vaults. This in turn stops
inflation and hopefully people could retire with alittle more comfort.
Regards Dennis
- Forums
- ASX - General
- retirement age should be raised to 67
ASX
asx limited
Add to My Watchlist
0.24%
!
$71.18

The answer is very easy it is to back the currency with bullion...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$71.18 |
Change
0.170(0.24%) |
Mkt cap ! $13.83B |
Open | High | Low | Value | Volume |
$70.86 | $71.30 | $70.68 | $18.25M | 256.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1170 | $71.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$71.26 | 4949 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1170 | 71.010 |
1 | 501 | 70.960 |
1 | 423 | 70.920 |
1 | 351 | 70.890 |
1 | 463 | 70.850 |
Price($) | Vol. | No. |
---|---|---|
71.260 | 4949 | 1 |
71.300 | 1039 | 4 |
71.330 | 200 | 1 |
71.370 | 1198 | 1 |
71.420 | 502 | 1 |
Last trade - 16.10pm 09/07/2025 (20 minute delay) ? |
Featured News
ASX (ASX) Chart |