Replies to post #549094 on Zeev's Turnips Patch-No Politics (ZEEV)

[woofer]

So, if gold picks were the accepted standard of currency for decades, why not use something that was used as a standard for centuries, like salt instead? I've got four Morton salt containers in my kitchen. LOL! Anyway, you didn't answer my question. And to correct my last post, my question wasn't implied, it was asked straight out. lol

My question from the last post: "So, that works fine for three generations. What happens when more and more people populate the earth? That one million dollars X 100 gold bars no longer seems adequate.
What comes next? What has to come next?"


Gold tooth picks were the accepted standard of currency for decades.
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Early commodity systems
A number of commodity money systems were amongst the earliest forms of money to emerge. For example

the shekel referred to a specific volume of barley in ancient Babylon
iron sticks were used in Argos, before Pheidon's reforms.
cowries were used as a money in Africa (up until 19th Century), ancient China and throughout the South Pacific.
salt was used as a currency in pre-coinage societies in Europe.
ox-shaped ingots of copper seem to have functioned as a currency in the Bronze Age eastern Mediterranean.
state certified weights of gold and silver functioned as currency and gave rise to the development of coinage
rum-currency operated in the early European settlement of Sydney cove in Australia.
cash crops such as tobacco, rice, wheat, indigo, and maize were used as money in colonial Virginia.
http://en.wikipedia.org/wiki/Money#Early_commodity_systems