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<p>[QUOTE="rrholdout, post: 2901142, member: 89654"]Yes 'perception' is almost everything. But perceptions change.</p><p><br /></p><p>Let's take a gov't minted bullion coin. Say it has 3 major values: its intrinsic value, its assigned value [denomination], and it's PM/dollar ratio value. By 'intrinsic' we could generalize and say 'usefulness'. PM's have a lot of specialized and often indispensable uses that would most definitely expand in scope if not so 'costly' an ingredient. The supply is small also, relative to iron.</p><p><br /></p><p>I don't think anyone believes fiat currency has no value. I just think spending can accelerate in proportion to how detached that currency is from something of intrinsic worth, at least on a psychological level - such as cash/check/card/digital progression. Even cash is more <i>physical </i>than a debit transaction. But the increase in spending could be purely coincidental.</p><p><br /></p><p>No one wants to be a sucker for the bullion hawkers, but they buy as much as they sell, and just want the margins, like anyone else. It's not snake oil. Ads are just like ads for any other product. You buy it or you don't.[/QUOTE]</p><p><br /></p>
[QUOTE="rrholdout, post: 2901142, member: 89654"]Yes 'perception' is almost everything. But perceptions change. Let's take a gov't minted bullion coin. Say it has 3 major values: its intrinsic value, its assigned value [denomination], and it's PM/dollar ratio value. By 'intrinsic' we could generalize and say 'usefulness'. PM's have a lot of specialized and often indispensable uses that would most definitely expand in scope if not so 'costly' an ingredient. The supply is small also, relative to iron. I don't think anyone believes fiat currency has no value. I just think spending can accelerate in proportion to how detached that currency is from something of intrinsic worth, at least on a psychological level - such as cash/check/card/digital progression. Even cash is more [I]physical [/I]than a debit transaction. But the increase in spending could be purely coincidental. No one wants to be a sucker for the bullion hawkers, but they buy as much as they sell, and just want the margins, like anyone else. It's not snake oil. Ads are just like ads for any other product. You buy it or you don't.[/QUOTE]
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