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<p>[QUOTE="bahabully, post: 969760, member: 17555"]Silver and gold have no more intrinsic monitary value than our current fiat paper.... it's actual monitary value, like the paper, is only an illusion, and absolutely dependent upon others belief that it has some value.... once that illusion is debased and golds skirt is lifted, then it's value would plummet like sandstone....</p><p>Gold does have some industrial application that generates real demand and value, as well the 'oooh it's pretty' factor, but industrial use is minimal, and ooooh it's pretty is subject to public whim and disposable income level...</p><p>Silver has more application in industry and photography and more limited ooooh it's pretty to wear factor...</p><p>Copper on the other hand, retains the highest degree of monitary worth of the three imo... it's high industrial demand provides something "more concrete" in it's price support than either silver or gold......</p><p>You tell me which is more likely:</p><p>1 - a discovery with enables iron to be turned into copper... haha.</p><p>2 - demand for black and white photo's decreases.</p><p>3 - walmart decides to only accept payment in .9999 fine gold dust.[/QUOTE]</p><p><br /></p>
[QUOTE="bahabully, post: 969760, member: 17555"]Silver and gold have no more intrinsic monitary value than our current fiat paper.... it's actual monitary value, like the paper, is only an illusion, and absolutely dependent upon others belief that it has some value.... once that illusion is debased and golds skirt is lifted, then it's value would plummet like sandstone.... Gold does have some industrial application that generates real demand and value, as well the 'oooh it's pretty' factor, but industrial use is minimal, and ooooh it's pretty is subject to public whim and disposable income level... Silver has more application in industry and photography and more limited ooooh it's pretty to wear factor... Copper on the other hand, retains the highest degree of monitary worth of the three imo... it's high industrial demand provides something "more concrete" in it's price support than either silver or gold...... You tell me which is more likely: 1 - a discovery with enables iron to be turned into copper... haha. 2 - demand for black and white photo's decreases. 3 - walmart decides to only accept payment in .9999 fine gold dust.[/QUOTE]
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