Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-22-2011, 06:12 AM
 
Location: Near the water
8,237 posts, read 13,518,581 times
Reputation: 3899

Advertisements

Quote:
Originally Posted by knowledgeiskey View Post
yes
Sure you can. Do some research on the State of Utah for example.

Our dollar has little value. That is why is takes more dollars to purchase the same item(s) you have been purchasing for years, and are now getting even less of (size/oz. wise)

Perhaps some research on the gold standard, what printing money and QE is all about would help in understanding? Oh and inflation is some good but sad reading as well.
Reply With Quote Quick reply to this message

 
Old 12-22-2011, 06:28 AM
 
3,457 posts, read 3,623,334 times
Reputation: 1544
Gold obviously has value... that said, Austrians believe in gold like Christians believe in Jesus. Both on faith.
Reply With Quote Quick reply to this message
 
Old 12-22-2011, 06:32 AM
 
9,855 posts, read 15,205,540 times
Reputation: 5481
Quote:
Originally Posted by knowledgeiskey View Post
You can't buy anything with it. It's not money. Peter Schiff demonstrates how clueless he is.


Hot Air Blower Peter Schiff Thinks Gold Is The Solution For Everything - YouTube
I think you don't understand what the word 'value' means. To help, I pasted the definition below, and I italicized the parts you should read twice. Your welcome.

val·ue   [val-yoo] Show IPA noun, verb, -ued, -u·ing.
noun

1.
relative worth, merit, or importance: the value of a college education; the value of a queen in chess.
2.
monetary or material worth, as in commerce or trade: This piece of land has greatly increased in value.
3.
the worth of something in terms of the amount of other things for which it can be exchanged or in terms of some medium of exchange.
Reply With Quote Quick reply to this message
 
Old 12-22-2011, 06:49 AM
 
4,428 posts, read 4,482,098 times
Reputation: 1356
Cash can be devalued. In Germany, cash was wheeled around in wheel barrows ( at one time ).

You could buy a loaf of bread for 3 Billion German Marks.


People have risked their lives historically, with pick in hand, to get gold. Forty niners and the Alaska gold rush come to mind.


If someone is willing to give you $1,600 per ounce. I'd say gold has value.


Inflation devalues the theory of paper money. Socialism devalues everything.

Gold will always be worth something.


Democrats think that corporations are evil. Money is evil.

Unless it helps to get Barack Obama re-elected.
Reply With Quote Quick reply to this message
 
Old 12-22-2011, 07:07 AM
 
Location: In a Galaxy far, far away called Germany
4,300 posts, read 4,408,773 times
Reputation: 2394
Yo' Knowledgsky - dude! The gold standard didn't cause the Great Depression. Some blamed the use of the Gold Standard, but they were really protesting the fact that the Gold Standard didn't allow them to give out enough credit (bail-outs) to solve the problem (by their estimation). Of course, having done this recently, we now know that this would have only made the Great Depression worse and would have protracted it. The market is a very much a living thing and sometimes living things get sick. The only cure is to allow the sickness to run its course. The market cannot die - it can only get sick. The trick is not allowing the sickness to linger. Bailing out corporations and banks isn't the answer. Allowing the free market to weed out the sickness is the answer. If it doesn't work - it withers and dies - its evolution in practise.
Reply With Quote Quick reply to this message
 
Old 12-22-2011, 07:11 AM
 
8,263 posts, read 12,198,208 times
Reputation: 4801
If I walked up to poster claiming it has no value with a nugget the size of a baseball and offered to trade it for their shoes what would they say? Of course gold has value.

On the other hand, people who think it will be some panacea for good living in a mad max scenario are equally clueless.
Reply With Quote Quick reply to this message
 
Old 12-22-2011, 07:13 AM
 
Location: Lower east side of Toronto
10,564 posts, read 12,820,368 times
Reputation: 9400
Gold lasts for ever - you can put it in some container - let it sit a billion years and it comes out looking exactly the same - It is an eternal substance..as for value - You really can not eat it...It is still more valuable than paper or plastic but not by much...Money in any form is EXACTLY like religion - it is a belief system...You have to believe that it has power because in realty it does not - The belief system is exaclty like relgion in respect to the fact that in order to have power --you have to practice submission and agree to be the other persons slave who has the most cash...It's coersive..no cash no food - and if you deny this system - the sytem has a way of ganging up on you and swarming you out of existance with an army of believers in MONEY.
Reply With Quote Quick reply to this message
 
Old 12-22-2011, 07:13 AM
 
Location: Londonderry, NH
41,479 posts, read 59,783,759 times
Reputation: 24863
We stopped using the Gold standard because there is simply not enough gold to support our Forver War. As dollars can be converted to gold and gold to dollars I would consider it to be money. As everyone is currently screaming to buy gold, I suggest selling is in order.
Reply With Quote Quick reply to this message
 
Old 12-22-2011, 07:18 AM
 
4,534 posts, read 4,930,400 times
Reputation: 6327
Money doesn't have to be tied to anything of value. It is a much more abstract concept.
Reply With Quote Quick reply to this message
 
Old 12-22-2011, 07:31 AM
 
Location: Londonderry, NH
41,479 posts, read 59,783,759 times
Reputation: 24863
Using credit and debit cards is about as abstract as you can get. I pick up some groceries, swipe a card at the checkout and I get to eat the groceries. Where is the money involved? Where is gold involved? Why care so long as you can buy the food?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6. The time now is 02:23 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top