Both theoretically and practically it can be seen that a Gold Standard is no guarantee of value or price stability.
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Tesla Motors will make the Model S resale value guarantee the highest of any premium sedan brand on the market.
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He quotes bankers who say that such a guarantee might encourage more banks to lend to growth companies based on the value of their intangible assets, because the guarantee would remove much of the risk for banks.
First, although charities seem to add significant value at current levels of funding, there is no guarantee that any extra money will produce similar amounts of added value.
Not only is Tesla guaranteeing that resale value, but Tesla CEO Elon Musk is personally standing behind that guarantee to give customers absolute peace of mind about the value of the asset they are purchasing.
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But there is no guarantee that ETFs will trade at the value of their underlying net assets (NAV).
So instead of lifting inflationary expectations, the BOJ would simply guarantee that the yen would hold its value against the dollar.
If enough people think Ackman is right, then the value of MBIA's guarantee will go down and its revenue will collapse, putting the firm into financial straits.
If Gorbachev's tactics contribute to a disintegration of the U.S. alliance arrangements with NATO and Pacific partners --already threatened by economic rivalries, considerations of American troop cuts, and arms control agreements that call into question the value of the American nuclear guarantee --then Gorbachev will have achieved a principal objective of Soviet foreign policy since Stalin.
At present, we can have no guarantee that the sales of these bonds will occur at par value.
We're already seeing the Chinese government, our country's biggest creditor, asking the U.S. to guarantee that rising rates on Treasuries won't erode the value of its trillion-dollar holdings.
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After all, there's no guarantee that today's newly market-endorsed art stars will have any lasting value.
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