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Pages: Arti, [1]
Author Topic: Arti,
toma

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2011-02-08 12-18-36

Arti, nothing is valuable if we don't think it is. Just sayin.
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hickling

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2011-02-11 0-58-27-

BS. sounds happen even if nobody can hear
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falin

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2011-02-12 17-29-09

that doens't make sense... maybe I missed something... does hearing sound give it value? "nothing is valuable if we don't think it is. " How does hearing sound prove it to be valuable?
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  • wilmoth

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    2011-02-13 2-13-46-

    Walkin, you just reiterated my point when it comes to commodities.
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    dubrow

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    2011-02-13 2-55-41-

    Ok. But I think your point applies to absolutely everything. Doesn't it?
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  • caisse

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    2011-02-13 7-42-55-

    i think the beauty of nature holds intrinsic value, but then we are getting into an entirely different area from monetary value.
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  • deptula

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    2011-02-27 8-36-51-

    monetary value is just a reflection of human values. The real question to ask is who or what is something or someone valuable to? I don't believe that anything has pure intrinsic value. It has to be valuable to some
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    mccrady

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    2011-03-17 18-47-36

    we have to keep this discussion to a monetary context. the fact is gold does not produce anything. it does not earn interest etc. but, in a world of paper backed by govt decree, paper that used to be tied to gold,....this is where gold get its contxt of worth
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    pitzen

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    2011-05-13 10-51-11

    would you be in favor of going back to a gold standard?
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    lanham

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    2011-07-13 7-39-36-

    no, it would cripple world govts it's been tried and it failed. What happened to the brits after wwx is an example.
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    Adriane

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    2011-08-25 13-45-37

    Thing is, if there were limits the feds would have been hindered greatly during this recent financial disaster.
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    cassese

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    2011-10-09 10-14-43

    And during the boom. And during Reagan's economic war on the Soviets. And we wouldn't be going bankrupt now. If there are no limits on the production of a thing, it's value can not last.
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    Ruthy

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    2011-12-06 10-06-15

    i though of the boom part too but i still don't believe this "black swan" event happened due to a tidal wave of liquidity. this happened due to outright fraud of the banks, labeling assets that were really liabilities. the thing about money is that it's ok not to have an absolute value, since it;s just a medium of exchange. it's ok if a house costs xMM if my salary is now x.xMM.
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  • falbo

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    2012-01-31 22-33-51

    Oh I totally agree. In fact I'd say that it cannot have an absolute value. However, I do believe there have to be constraints on it's production that coincide with population growth/loss & changes in per capita productivity of the citizenry. If it becomes like sand on the shore, then it really has no value & people will lose faith in it. As they are already beginning to do.
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  • atherton

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    2012-04-09 23-09-41

    that is why i disagreed with "absolutely everything" It is still up to the collective to give gold its power as a currency, but I agree with you, even though it is arbitrary, it is not likely ever to be done away with.
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    huerter

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    2012-04-21 9-04-51-

    yeah and that's why if u ever fear a mad max type event, having some gold coins next to a can of Chunky's, a bottle of smart water, and a coupe of gold coins would be prudent.
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    Thanh-Son

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    2012-08-01 2-31-37-

    Gold is even worse at least copper has real industrial usage. sugar makes food taste better. gold is about context. gold has been deemed money from time unmemorable. and will be so until our collective memory is wiped out.
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  • konold

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    2012-10-23 20-03-28

    exactly, it is a soft metal but that is true...it always has been, and probably always will be the baseline currency.
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  • skalski

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    2012-12-17 4-32-09-

    meaning if paper/coin money as we know it ceased to exist.
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    sidden

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    2013-02-10 6-06-11-

    Actually, when it comes right down to it, the baseline currency is faith.
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    gladstein

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    2013-03-23 15-18-46

    Gold has many industrial uses, not to mention that it's used to make jewelry. Also, it's maleable & will never degrade or diminish.
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  • soffer

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    2013-05-08 18-49-11

    i realize that, but the industiral usuage is such a small portion of its total demand. jewelry, that is where the real demand lie, but even that is not enough to eat up demand.reason is ur latter point: never degrades. so all the gold that gets mined up, stays with us. that jewelry just gets transfered indians are the biggest consumers of gold (for dowry, jewelry) and this is what occurs: it gets transfered fromhand to another.
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    akre

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    2013-06-10 0-13-55-

    yep. Like the rocks on the Isle of Yap.
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  • reine

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    2013-08-18 2-05-36-

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