DFF
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"Gold has very little intrinsic value"
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tonesforjonesbones
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well..i would agree..and furthermore, That would be the case with anything. Humans place value on things...the item has no intrinsic value. a piece of gold could be replaced with a shiney pebble and if PEOPLE consider it to have value..then it has value. tones
Yet there are rational reasons that does not happen in most cases.
Brian Defferding
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Compared to the dollar, which has value because the government says so?
tonesforjonesbones
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well no ...years back feathers, little pebbles, trinkets had value because PEOPLE saw them as valuable..not because they had intrinsic value. remember pet rocks? PEOPLE bought them like crazy...but they had no intrinsic value. beenie babies, etc etc...it's all marketing. tones
I agree that gold is less useful in some ways. You can't eat it, or even use it to kill an animal which you could then eat. Gold is only valuable if someone else wants it, and historically people have wanted it. Baseball cards and even oil are destroyed when exposed to certain elements, or for instance dropped into the ocean for even a short time. Gold on the other hand can sit in ocean water for years and come up looking about the same as when it went down there.
Ammunition on the other hand is inherently valuable because of the way it is used. I could see it becoming a currency of sorts in hard economic times.
Ammunition on the other hand is inherently valuable because of the way it is used. I could see it becoming a currency of sorts in hard economic times.
tonesforjonesbones
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they even had those sticks...can't remember what they are called..but the longer the stick you had the wealthier you were...people took pieces of the stick in trade for things/services...the stick has NO intrinsic value..only the value that PEOPLE gave it. tones
Those are exceptions though, not the rule. Even for every pet rock and beenie babie sold, there is someone else making money off the poor ignorant saps. Sure any form of "money" has it's value based on what people give it, but it is the rational reasons things like gold are superior that make the people buying gold wise, and the people buying beenie babies fools.
tonesforjonesbones
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also, gold could be brought down to nothing just like the dollar if the powers start flooding the market with it...you know gold is being held by the bankers also...I would say go with silver...a small silver round might get you a dozen eggs when times become hard. tones
Working Poor
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the only thing that is valuable is "life" in all its forms and what sustains it.
Money, gold, drugs, oil all of it is shit and so is the concept of using this stuff for power or value.
Money, gold, drugs, oil all of it is shit and so is the concept of using this stuff for power or value.
tmosley
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So a veal calf is as good as a free range cow?
Freedom is important too, you know. Money, gold, drugs, oil, and power are things that have value (ie people are willing to work for them). They must be free to do so. If you want to crawl in the dirt with the worms with untold numbers of miserable starving children, that's your choice. Don't tell other people what they value, or what "is" valuable, as that is collectivist and one of the first steps to authoritarianism.
teacherone
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The difference of course is that the above are all examples of regional currencies, only accepted within a limited geographical area.
Gold, however is universally held as valuable. No matter where you go in the world, to whatever dinkhole country you can exchange goods and services for gold.
It doesn't matter if you speak the language.... gold will speak for you.
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Yeah, durability is a big reason for gold's value.
It is also easy to work with, melt, shape, carve, etc. And easy to get in it's pure form. If you are ancient man, what other metal is laying around on the ground in nuggets, almost pure?
Well, what you say is and isn't true. The fact of the matter is, gold is rare, and it's more rare than a rock. The market has clearly set the intrinsic value of gold and has done so for thousands of years. The person on CNBC clearly doesn't understand the concept of money. He also doesn't understand why he probably believes that a paper dollar somehow has intrinsic value. He understands why oil has value. He only makes the failure to make the distinction between a commodity like oil and real money, gold. Money is a medium of exchange for other goods. That's all.
But regardless, using his flawed logic, he's made his own case against gold. What most people like him ignore is that the arguments they make against gold only bolster the argument to invest in Silver, which is irreplaceable in the industry and finds new uses every year.
LibertyEagle
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Tones is right. Gold is worthless. So, send yours all to me and I'll send you a few Tally Sticks in return. 
tmosley
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People get too metaphysical with this stuff. Things have value TO PEOPLE because PEOPLE want them. Nothing is inherently valuable. An object only has value according to how much a buyer is willing to pay for it. It's that simple. Without people, there would be nothing of value.
Josh_LA
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comparing crap to toilet paper doesn't mean crap is intrinsically valuable.
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