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To: neolib who wrote (98891)	1/3/2008 9:35:17 PM
From: Drygulch Dan	Respond to of 306849

What you are talking around is valuation and mediums of exchange. If people can agree on how to value a thing just about any widely available thing can be used as a form of money. It helps to have lots of units available as well as lowering the cost of producing more of those units. Hence the US paper dollar. The cheapest form of money is the electronic bit stored in some computer's memory instantly transferable from account to account. So long as enough people agree to its value, transfer of wealth in exchange for goods or services can work. If you don't trust the system that acts as custodian the FED in the US case, convert your money wealth into some commodities that should be recognized as a store of value, like gold or silver coin or quality real estate or treasured art pieces or whatever, your choice. Eventually you can barter these and free yourself of the fear of inflation diminishing the wealth of the units you possess.