What does sound as a dollar mean?

Don't worry about dropping that chair—like all things built by your grandfather, it's sound as a dollar. Farlex Dictionary of Idioms. © 2022 Farlex, Inc, all rights reserved. 1. Cliché very secure and dependable. (*Also: as ~ .) This investment is as sound as a dollar.

Is the dollar a good money?

Over the last year, that theory seems to be playing out, with the dollar outpacing the Canadian dollar, Australian dollar, euro, pound and yen. With our current definition, we could say that the dollar is sound money. After all, it has appreciated against all the other major currencies. Except …

Is gold a sound money?

As such, we should add two more characteristics to an asset to qualify it as sound money. It needs to be easily verifiable and widely acceptable, which gold isn’t. More plainly, sound money has to be … money. So sound money doesn’t exist right now. And ultra sound money? No. No, that isn’t a thing either.

What is sound money?

It describes the musical, metallic ring of a gold, silver, or copper coin dropped on any hard surface of glass, stone, wood, or metal. Sound money literally refers to real wealth, with a natural, unmistakable signature of authenticity, as opposed to the paper, plastic, and electronic debt instruments used almost exclusively today.