Why gold? What is it's value? | |
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gebahie
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Anonymous Coward User ID: 15022872 Canada 05/23/2014 06:35 PM Report Abusive Post Report Copyright Violation | Well if it's worth is only in the eyes of the beholder, than paper currency is exactly the same and totally legit. Why gold? cos it's a metaphor for something else? simply a game to the highest powers, you gotta dig deep down, deep deep down for the true gold in this life. |
Anonymous Coward (OP) User ID: 54425607 United States 05/23/2014 06:36 PM Report Abusive Post Report Copyright Violation | gold is finite its limited.. You have to dig it out of the ground which means work.. Now we have a system now no one works for money cause ( cough cough I have a printer I can give you money by printing it or by giving you a an extra 00 on your online banking.. Quoting: gebahie Icant watch the video at the moment, but will when I get home. Thanks. Pertaining to your comment, that still leaves us just chasing after shiny things. |
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Truthhappened
User ID: 10887564 United States 05/23/2014 06:42 PM Report Abusive Post Report Copyright Violation | It's not. FIAT MONEY is GOOD. Don't let them fool you. Every explosion in humanities knowledge, technology and the common mans standard of living is owed to FIAT money. The only problem is it should controlled as the Constitution declared. The gold standard is simply handing the world over to the mega wealthy who already own it all. That's why guys like Ron Paul exist. If he were really preaching truth, he wouldnt be there. |
Anonymous Coward User ID: 3747868 United States 05/23/2014 06:43 PM Report Abusive Post Report Copyright Violation | Forget the monetary "value" of gold. It has been a sign of wealth, power and status for, at least, thousands of years. That hasn't suddenly changed. Only your perception of what is valuable has been changed and that's intentional. |
Anonymous Coward User ID: 35039465 United States 05/23/2014 06:47 PM Report Abusive Post Report Copyright Violation | What is the true value of gold? I've learned much about our fiat system & know that paper currency is worthless because it holds no true value. Ok. Got it. Why is a gold backed system better? What is the worth of gold? What is it about gold other than it's beauty? Or is that it? It' seems the only things with true worth are shelter and sustenance. Quoting: emmieaz I’d venture to guess because its rare...and the value is what people place on it. If gold were as common as say white rocks, then it would be valueless...... |
Anonymous Coward User ID: 3747868 United States 05/23/2014 06:48 PM Report Abusive Post Report Copyright Violation | It's not. FIAT MONEY is GOOD. Don't let them fool you. Every explosion in humanities knowledge, technology and the common mans standard of living is owed to FIAT money. Quoting: Truthhappened The only problem is it should controlled as the Constitution declared. The gold standard is simply handing the world over to the mega wealthy who already own it all. That's why guys like Ron Paul exist. If he were really preaching truth, he wouldnt be there. The problem is that invariably when the value of the fiat dries up, which it always does eventually, those advances regress. Standards of living go back down, technology advancements are only used to control the populace, and knowledge is forgotten or suppressed. Fiat does lead to advancements but it also leads to the inevitable regression back to the mean. IOW, it's a short lived bubble. Btw, if you think Paul was a puppet then you should watch some of his exchanges with Bernanke during House Financial Services committee meetings. Paul clearly made Bernanke uncomfortable every time Paul opened his mouth. The body language doesn't lie. |
emmieaz
(OP) User ID: 54425607 United States 05/23/2014 06:49 PM Report Abusive Post Report Copyright Violation | "He who owns the gold makes the rules." Quoting: Anonymous Coward 3747868 Forget the monetary "value" of gold. It has been a sign of wealth, power and status for, at least, thousands of years. That hasn't suddenly changed. Only your perception of what is valuable has been changed and that's intentional. I know there is no true monetary value is gold. That just takes you round in circles. Is there another value is what I was pondering. Mackenzie River bound |
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gebahie
User ID: 58339330 United States 05/23/2014 06:50 PM Report Abusive Post Report Copyright Violation | It's not. FIAT MONEY is GOOD. Don't let them fool you. Every explosion in humanities knowledge, technology and the common mans standard of living is owed to FIAT money. Quoting: Truthhappened The only problem is it should controlled as the Constitution declared. The gold standard is simply handing the world over to the mega wealthy who already own it all. That's why guys like Ron Paul exist. If he were really preaching truth, he wouldnt be there. WOW dumb is growing.. We have lived a fiat system since 08/15/1971... we haven't gotten any better.. we grew a lot more under the gold stander you shill. Learn your history.. NAME 1 fiat currency that has lasted more then 50 year!!!! |
emmieaz
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emmieaz
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Anonymous Coward User ID: 33611086 United States 05/23/2014 07:16 PM Report Abusive Post Report Copyright Violation | Ding Din Winner The look and value of gold is deeply rooted in human subconscious which went through many reincarnations. Whether it's the physical gold or the often described color of the divine spirit, human is all too familiar with it. It's not something can be easily changed via propaganda. |
Anonymous Coward User ID: 47016305 United States 05/23/2014 07:22 PM Report Abusive Post Report Copyright Violation | The value of gold is based on a multitude of things that make it a truly unique element. Combined with the difficulty of extracting from the ground. And from ancient times people realized it made an excellent medium of exchange. The main reason...Demand..people love gold and want it, that in itself makes it inherently valuable. |
zzcat User ID: 58387870 United States 05/23/2014 07:23 PM Report Abusive Post Report Copyright Violation | What is the true value of gold? I've learned much about our fiat system & know that paper currency is worthless because it holds no true value. Ok. Got it. Why is a gold backed system better? What is the worth of gold? What is it about gold other than it's beauty? Or is that it? It' seems the only things with true worth are shelter and sustenance. Quoting: emmieaz Gold is only valuable in a stable society. If S really HTF even TP would be worth more |
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Anonymous Coward User ID: 47016305 United States 05/23/2014 07:25 PM Report Abusive Post Report Copyright Violation | The value of gold is based on a multitude of things that make it a truly unique element. Combined with the difficulty of extracting from the ground. And from ancient times people realized it made an excellent medium of exchange. The main reason...Demand..people love gold and want it, that in itself makes it inherently valuable. |