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<p>[QUOTE=&quot;Collector1966, post: 786028, member: 17919&quot;]I agree up to a point about the Gold Standard. But that&#039;s one of the attractions of gold as well-- it is relatively scarce, not to mention that it cannot be made out of thin air (like paper/electronic money) and is basically indestructible.</p><p><br /></p><p>However, your second point-- about &quot;all of the technology, bioscience, and affordable produced goods that&#039;s come online since B.C.&quot; having &quot;intrinsic value... and usefulness&quot;-- Do you really believe that? If so, I would like to sell you my reel-to-reel tape collection (both tapes), my Beta video tape player (slightly defective), my Pong game set, my non-working 45rpm record player from the 1950s, my Ronco buttoneer, my Mister Miser Valve, and my Mister Microphone. I figure their intrinsic value is far greater than 10 ounces of .999 gold. So, 10 ounces of a metal whose existence has outlasted its usefulness in exchange for all my intrinsically valuable, erstwhile state-of-the-art but nonetheless useful (with one exception) affordable goods sounds like a fair trade to me <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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