Msg. 35672 of 45651 (This msg. is a reply to
35671 by
Decomposed)
Jump:
OK DE. I value this highly over gold, Shoot away, prove me wrong,,,,,,,,,,
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
re: "I still dont understand this value folks put on Gold. It's just a metal."
It is "just" a RARE metal that has been treated as extremely valuable or as money by almost every culture throughout history. And it has minimal industrial demand. That makes it an ideal substance for backing a future currency.
You actually wouldn't want to use something that had much industrial demand, by the way. That would make a currency too unstable - as industrial and technological changes would make demand for the material gyrate and play hell with the economy.
That's why gold is a better choice as money than silver.
Let's reverse this discussion. If you don't think gold is all that special, tell me what you think would work as well. Then I'll see if I can explain why you're wrong.
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