"Gold has very little intrinsic value"

[Josh_LA]

Statements like this is why I said this is a silly argument.

Doesn't matter what you believe.

Gold has intrinsic value regardless what you believe

how is that different than saying "I have a gun to your head so you're going to listen, doesn't matter if you think I'm wrong"?

 

[Josh_LA]

Very good definition of intrinsic, and right here to read

Intrinsic value, in general, is the argument that the value of a product is intrinsic within the product rather than dependent on the buyer's perception.

Value of the product is determined by the buyer as well as the market, nothing is of value unless somebody agrees to it.

In commodity money, intrinsic value can be partially or entirely due to the desirable features of the object as a medium of exchange and a store of value.

this is semantics, basically admitting that value is still determined by desirability and demand.

 

[talent scout]

Intrinsic value, in general, is the argument that the value of a product is intrinsic within the product rather than dependent on the buyer's perception.

Value of the product is determined by the buyer as well as the market, nothing is of value unless somebody agrees to it.

In commodity money, intrinsic value can be partially or entirely due to the desirable features of the object as a medium of exchange and a store of value.

this is semantics, basically admitting that value is still determined by desirability and demand.

So under which definition is the definition of intrinsic semantics?
Semantics
1. Linguistics. The study or science of meaning in language.
2. Linguistics. The study of relationships between signs and symbols and what they represent. Also called semasiology.
3. The meaning or the interpretation of a word, sentence, or other language form: We're basically agreed; let's not quibble over semantics.


Gold has this and always has
"value is still determined by desirability and demand"

Its value is intrinsic

Everything in nature that people desire to own has value for what it is.

The value of gold is no different

In fact everyone knows it anyway, gold is valuable because its gold, that is intrinsic value.

 

[talent scout]

how is that different than saying "I have a gun to your head so you're going to listen, doesn't matter if you think I'm wrong"?

How old are you?

 

[Josh_LA]

So under which definition is the definition of intrinsic semantics?
Semantics
1. Linguistics. The study or science of meaning in language.
2. Linguistics. The study of relationships between signs and symbols and what they represent. Also called semasiology.
3. The meaning or the interpretation of a word, sentence, or other language form: We're basically agreed; let's not quibble over semantics.


Gold has this and always has
"value is still determined by desirability and demand"

Its value is intrinsic

No, gold is only desired and demanded in a country that can use it.

People who need food right away can't afford to wait until he can walk 100 miles to get food in exchange, gold is worthless to him.

Everything in nature that people desire to own has value for what it is.

The value of gold is no different

In fact everyone knows it anyway, gold is valuable because its gold, that is intrinsic value.

not everybody in this world knows what gold is.

 

[Josh_LA]

How old are you?

26, answer me now.

you're trying to tell me my belief and opinion is irrelevant, something just is.

As if I'm forced to accept gold as something valuable even if I don't want to.

how is that any different than putting a gun to my head and telling me you're right, even I don't like it?

 

[talent scout]

Posted by talent scout
Statements like this is why I said this is a silly argument.

Doesn't matter what you believe.

Gold has intrinsic value regardless what you believe

Josh_LA asks:
how is that different than saying "I have a gun to your head so you're going to listen, doesn't matter if you think I'm wrong"?

Here is the difference Josh
This is saying it doesn't matter what you believe, gold has intrinsic value anyway.

Doesn't matter what you believe.

Gold has intrinsic value regardless what you believe

This is saying
"I have a gun to your head so you're going to listen, doesn't matter if you think I'm wrong"

"I have a gun to your head so you're going to listen, doesn't matter if you think I'm wrong"

You honestly do not know the difference ?

Well.........ok, but its hard to believe you do not know, so I will explain it for you as best I can.

Gold has intrinsic value, regardless what you believe.
A similar way to say this , a semantic, saying this.

Water is wet, regardless what you believe

 

[talent scout]

26, answer me now.

you're trying to tell me my belief and opinion is irrelevant, something just is.

As if I'm forced to accept gold as something valuable even if I don't want to.

No, that is not what I am saying Josh
I am telling you gold is valuable even if you did not exist.

how is that any different than putting a gun to my head and telling me you're right, even I don't like it?

I hope my above explanation explains the difference, its as different as east is from the west

 

[devil21]

This thread gave me a headache. Who gives a shit? Gold is worth something to every person on the planet. That's all that matters. The CNBC morons are just trying to start this very argument and it seems they have succeeded.

 

[rpfan2008]

Gold have an associated value, but whether it's intrinsic or not it depends on the buyer. If he values, and willing to take that "piece of metal" and give you a truck full of wheat; entirely depends on him. Because he can't be sure whether the other guy would accept that same 'piece of metal' for his needs...unless of course it's a cultural practice to do so.

 

[Josh_LA]

Gold has intrinsic value, regardless what you believe.
A similar way to say this , a semantic is saying this.

Water is wet, regardless what you believe

sorry, I really wasn't trying to be difficult.

What I meant to say was.

Ok, gold has intrinsic value, it is what it is, but since I have no use of it (no matter how I keep thinking of ways to sell or use it).

I cannot pay the "intrinsic value" you believe it holds.

If you were to say "Doesn't matter Josh, you still have to accept that gold is what I say it's worth" then that would be forcing me.

If you walk away and say "fine, I'll find another one" then you can see if your intrinsic value every gets paid for.

Does that make sense?

 

[devil21]

If intrinsic is so narrowly defined by some in this thread it seems that only food, water, and air have intrinsic value since nothing else at all is necessary to survival. Is that what the "no intrinsic value" people are saying? If you cant drink it, eat it, or breath it, then it's worthless (aka subjective)?

 

[Josh_LA]

This thread gave me a headache. Who gives a shit? Gold is worth something to every person on the planet. That's all that matters. The CNBC morons are just trying to start this very argument and it seems they have succeeded.

no, not to starving people who can't eat it or find a person who will take it in exchange for food.

 

[Josh_LA]

If intrinsic is so narrowly defined by some in this thread it seems that only food, water, and air have intrinsic value since nothing else at all is necessary to survival.

Ex-f----ing-Zackly!

Nothing is valued unless two people agree on it.

Is that what the "no intrinsic value" people are saying? If you cant drink it, eat it, or breath it, then it's worthless?

even if you can drink it, eat it, breath it, you can still refuse it, what you don't want is what has no value to you.

 

[rpfan2008]

The CNBC morons are just trying to start this very argument and it seems they have succeeded.

Ah! that's not the point of the thread, if I'm not mistaken.

Call someone in Hannity forums and ask ii he/she is willing to buy a Gold coin from you, if a big plunge in dollar is eminent tomorrow. In most cases that would be a NO, but you are supposed to trade with likes of him in an av. day after tSHTF.

 

[Josh_LA]

Gold have an associated value, but whether it's intrinsic or not it depends on the buyer. If he values, and willing to take that "piece of metal" and give you a truck full of wheat; entirely depends on him. Because he can't be sure whether the other guy would accept that same 'piece of metal' for his needs...unless of course it's a cultural practice to do so.

THANK YOU!

DAMN, that wasn't so hard to say & understand, was it?

 

[talent scout]

No, gold is only desired and demanded in a country that can use it.

Gold has been used through out history for its malleable properties.
Let alone its durable qualities, and trade value.

People who need food right away can't afford to wait until he can walk 100 miles to get food in exchange, gold is worthless to him.

Replace gold with any and everything else in the universe, and its the same thing.
Not a very good argument to make against the value of gold, or silver or a million pieces of paper.

not everybody in this world knows what gold is.

Name one

 

[devil21]

no, not to starving people who can't eat it or find a person who will take it in exchange for food.

Ah but look at Zimbabwe right now and you'll see that's not true at all. Starving people are busting their ass to find gold so they can eat. There's ALWAYS someone that will take gold in exchange for food. Basic supply and demand economics. You're getting way too hypothetical with this.

 

[talent scout]

If intrinsic is so narrowly defined by some in this thread it seems that only food, water, and air have intrinsic value since nothing else at all is necessary to survival. Is that what the "no intrinsic value" people are saying? If you cant drink it, eat it, or breath it, then it's worthless (aka subjective)?

You are confusing the subjects, intrinsic value and survival.

Two very different subject

 

[Josh_LA]

Gold has been used through out history for its malleable properties.
Let alone its durable qualities, and trade value.

yes, but not in starving Africa and south America today.

gold is only valuable to industrial countries who can use it.

Replace gold with any and everything else in the universe, and its the same thing.
Not a very good argument to make against the value of gold, or silver or a million pieces of paper.

I disagree, it's the argument against the value of ANYTHING AND EVERYTHING. Even life.

Name one

Africans who've never seen it, South Americans who'v never seen it, people raised in middle America who have not seen or heard of it. Do you seriously believe people know gold like they know love, sex and bananas?