« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: wilful - Re: Gold 1617.20 -29.80 -1.81%

By: ribit in ROUND | Recommend this post (0)
Wed, 09 Nov 11 7:41 AM | 45 view(s)
Boardmark this board | De's Test Board
Msg. 36158 of 45651
(This msg. is a reply to 36151 by Decomposed)

Jump:
Jump to board:
Jump to msg. #

decomp
...yeah, but when the sun burns out it will be worthless.




Avatar

Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


- - - - -
View Replies (1) »



» You can also:
- - - - -
The above is a reply to the following message:
Re: wilful - Re: Gold 1617.20 -29.80 -1.81%
By: Decomposed
in ROUND
Wed, 09 Nov 11 4:53 AM
Msg. 36151 of 45651

Fusion, ribit. Fusion will make gold nothing more than a shiney rock. But until we have fusion, gold will continue as a shiney rock that is exceedingly rare and will probably be used as money when the public finally figures out what fiat is really all about.

Fiat's failure and gold's reacceptance as money has happened before. HUNDREDS of times before, in fact. Virtually every time fiat money has been used, in fact. (Save only those fiat moneys that didn't have a chance to fail because they were taken over by another currency following an invasion or merger of nations.)

It would therefore be pretty naive of you to think it isn't going to happen to the fiat money du jour this time too. You'd essentially be arguing that the dollar is going to be the first fiat money to EVER succeed as a true store of value. Hah. Fat chance of that!


« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next