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Gold to Silver ratio?? WTHeck is best???
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<p>[QUOTE="World Colonial, post: 2440472, member: 78153"]Yes, I understand the concept your are trying to convey.</p><p><br /></p><p>All I am saying is that the price of gold makes it apparent that in the aggregate people view gold as more than just another commodity, just as they do with diamonds which are anything but rare. And its value is certainly not tied to its utility either because, although it can be used for other purposes, it isn't because it is uneconomical to do so due to much cheaper alternatives.</p><p><br /></p><p>There is no absolute distinction between money and non-money, it is completely arbitrary though governments and central banks (and probably Warren Buffet going by his comments) want everyone to believe it because of the fiat money monopoly. As I presume you know, in the past in some societies, many different objects were used for this purpose. If a free market for money existed, I believe multiple forms (including gold) could or would co-exist simultaneously.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2440472, member: 78153"]Yes, I understand the concept your are trying to convey. All I am saying is that the price of gold makes it apparent that in the aggregate people view gold as more than just another commodity, just as they do with diamonds which are anything but rare. And its value is certainly not tied to its utility either because, although it can be used for other purposes, it isn't because it is uneconomical to do so due to much cheaper alternatives. There is no absolute distinction between money and non-money, it is completely arbitrary though governments and central banks (and probably Warren Buffet going by his comments) want everyone to believe it because of the fiat money monopoly. As I presume you know, in the past in some societies, many different objects were used for this purpose. If a free market for money existed, I believe multiple forms (including gold) could or would co-exist simultaneously.[/QUOTE]
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Gold to Silver ratio?? WTHeck is best???
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