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Re: Doma, just the opposite

By: DigSpace in ALEA | Recommend this post (0)
Sun, 03 Jun 12 9:33 PM | 63 view(s)
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Msg. 08288 of 54959
(This msg. is a reply to 08284 by faul)

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I do not dispute that, but should money fail then I would be stuck with bartering.

Your argument is as such:

Printed currency is crazy money without value. My money, gold, has value.

My argument is:

Gold is just like other money, it has little intrinsic value, certainly more than paper, but from an engineering standpoint, less than steel.

That you agree in the value of a monetary system is simply you arguing over an agreement that an ounce of gold buys a bushel of corn as opposed to an stack of bills or a bucket of seashells.

My point is your argument is simply a preference for a certain tender, but entirely dependent on the same monetary agreements of today.


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The above is a reply to the following message:
Re: Doma, just the opposite
By: faul
in ALEA
Sun, 03 Jun 12 8:52 PM
Msg. 08284 of 54959

Hi Dig.......

You imagine you can barter for everything?

If it were possible to barter for everything whenever
we needed it,there would have been no use for money
in our civilisation........it was because of the difficulties
of barter money was birthed....

Why would you object to holding 10% of your wealth
in silver & gold........you could use the silver to purify
your water source & as a medicine for virus's,infections
& burns......your gold as a medium of exchange when
barter failed.

Doma.


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