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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.
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.
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.
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.
It's pretty and women like to wear it. It also won't corrode like other metals will. And it's very rare.
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.
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.
The price of Gold we see is in US dollars - so IF the dollar collapses and its value is 0/zip/nada then what happens to Gold? If we have say a massive Al CIAda attack again and they declare martial law and as a result you are rationed a specific amount of groceries from your FEMA run food store what good will Gold be? Finally after a collapse and IF things came back to semi-normal with a new non-U.S. global currency who would buy Gold other than those who sell it now looking to AGAIN buy low sell high? Would it be more prudent to buy food, ammo, Meds ect. things people must have or you could barter??
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