Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
May 1st is the day to buy silver!
>
Reply to Thread
Message:
<p>[QUOTE="Tinpot, post: 1700738, member: 35836"]I'm not trying to convince anyone, I know that gold and silver are money, I care not if others believe the same. Sure copper and other base metals could be used as money, but they are too heavy to make it reasonable to use them in significant transactions. </p><p><br /></p><p>Platinum and Palladium are a bit too rare to be ideal money, but of course they can still be used as money as well. If platinum was valued as money like gold is, its price would probably be at least $5,000+ because its much rarer than gold. The same can be said for palladium. </p><p><br /></p><p>In the end the only money that has ever survived the passage of time is metal. The U.S. dollar appears to have survived for a long time but it has been partially backed by Gold as late as 1970. The average fiat currency lasts 40-50 years, maybe the dollar will last longer, maybe it won't.</p><p><br /></p><p>Btw the current price of gold right now alone proves that it is money, I don't think anyone can make a legitimate case that gold should be $1400+ an ounce if only valued as a commodity.[/QUOTE]</p><p><br /></p>
[QUOTE="Tinpot, post: 1700738, member: 35836"]I'm not trying to convince anyone, I know that gold and silver are money, I care not if others believe the same. Sure copper and other base metals could be used as money, but they are too heavy to make it reasonable to use them in significant transactions. Platinum and Palladium are a bit too rare to be ideal money, but of course they can still be used as money as well. If platinum was valued as money like gold is, its price would probably be at least $5,000+ because its much rarer than gold. The same can be said for palladium. In the end the only money that has ever survived the passage of time is metal. The U.S. dollar appears to have survived for a long time but it has been partially backed by Gold as late as 1970. The average fiat currency lasts 40-50 years, maybe the dollar will last longer, maybe it won't. Btw the current price of gold right now alone proves that it is money, I don't think anyone can make a legitimate case that gold should be $1400+ an ounce if only valued as a commodity.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
May 1st is the day to buy silver!
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...