Originally Posted by dead_battery
money became digital a long time ago.
the reason we are in such a recession is because we haven't adapted to it enough yet.
the boom will come, but it may take some time
and to take things further into clarity-- gold itself as money was always "digital" or "virtual" inasmuch as its monetary value was conferred by its reserve status beyond the actual material use for it (fake teeth, rings, etc).
in other words-- money has always been virtual. the role of money is to be a symbolic means of exchange, not the thing to be exchanged itself. only now its virtual role is more independent of material specie or note. i mean, when paper money was first printed, it was the same outcry. "this paper ain't gold/silver coins". now paper suddenly is "real money"? ha ha ha.
people are still free to barter items though, including gold teeth and sea shells.