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I kind of understand what you mean. Sooner or later you will have to convert it into money again if you want to use your "money" (nobody will give you bread for a piece of gold). So you have to keep hoping the value of gold doesn't go down before you convert it back. It is almost a bit like stocks, where you hope to find the right point in time to sell.
I would never buy gold, either.
Yeah it's a good thing you don't have to hope the value of fiat money doesn't go down... you just know it does as a certainty
I kind of understand what you mean. Sooner or later you will have to convert it into money again if you want to use your "money" (nobody will give you bread for a piece of gold). So you have to keep hoping the value of gold doesn't go down before you convert it back. It is almost a bit like stocks, where you hope to find the right point in time to sell.
I do. So? It is a gradual, dependable parameter. With gold you never know in which direction its value will develop and how fast.
Plus, sooner or later you depend on others buying it from you if you need to buy something.
Location: Georgia, on the Florida line, right above Tallahassee
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Quote:
Originally Posted by VTHokieFan
It has a lot more value than paper money because it's rare. Also, this entire post is a contradiction because given an ounce of gold, an ounce of shells, an ounce of eagle feathers or an ounce of paper, you would go for the gold yourself.
I'd go for the feathers first, for arrows, and maybe the shells second. Maybe gold depending on how hard it was.
Your argument is flawed. In the end, we're killing each other. And I need things to kill others with.
It has value because we are told it has value, especially by the wealthy gold owners and bankers who would control gold in a gold backed monetary system.
It seems to me that gold has no more intrinsic value than Conch shells, eagle feathers or dare I say it, paper money. As a commodity of exchange, you can't eat it, you can't heat your house with it, although it makes for a better rock to throw as a weapon but other than that... In the dooms day scenarios so pervasive amongst dystopian theorist I would no more exchange a pound of gold for a kernel of corn than I would for a ton of scrap iron... actually the scrap iron might have more value since I could at least make utensils out of the scrap metal.
Fine, I'll trade you pound for pound, my scrap metal for your gold.
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