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<p>[QUOTE=&quot;Drusus, post: 1631180, member: 6370&quot;]Its pretty much true though. Gold has no real inherent value or real uses (save a few modern uses in electronics and the like) save for the fact that its pretty. So for most of our history, Gold has been worthless save as a metal used as a value system (to REPRESENT wealth). That is to say that it has had little use other than that it is pretty and a good way to show wealth. What better way to show wealth than to spend time and effort extracting and working a metal to wear and decorate your stuff that has no value other than its impressive looking? That is why it is considered to be decadent to have so much Gold! Because each and every one of us could live our whole lived without one bit of gold and never be worse off for never having owned any.</p><p>&nbsp;</p><p>This is probably why Gold was used by the Midians (who happened to have a lot of gold deposits in their territory) used it when they minted their coins, there was little other use for it anyway save for decoration.</p><p><br /></p><p>Today gold is a commodity, a real commodity bought and sold on a commodities market which is relatively new in historical sense. So the value of gold is dictated by that market as would ANY commodity. Because of this you simply cannot make currency out of it as the value fluctuates as does all commodities and what was once 10 dollars worth of gold may be 5, 16, 20 or 50 dollars worth of gold in two weeks. This is true now with copper as the US has minted pennies at a loss because market prices for copper fluctuate and rise. Of course all merchants could keep a kit close at hand to test gold purity and a market report for the price of gold today...and if its ten dollars of gold but gold prices are now twenty...melt it and sell for a profit...that has happened before with American currency.</p><p><br /></p><p>sure, gold is okay for an investment but if you are buying the actual metal, not as much. You can buy it and sell it like anything having to do with investing but with heavy gold, shipping it costs money and you will ALWAYS buy above and sell below as you have to pay the middle men so the investment would be long term and don&#039;t think it will help you when the currency collapses because without a market to value it, gold is completely worthless as it gains ALL of it value from the market because, again, it has few practical uses to recommend a high value save relative rarity, you are better off hording grain and the paper we mint our currency with has more practical uses as a commodity.</p><p><br /></p><p>I also agree with the scare tactics touting the worthlessness of our currency as compared to the steady value of gold. These are just used to scare people to spend that worthless currency to buy gold with it. When you buy gold...what do they take for payment? That worthless currency....hmmm...its good enough for the guy selling the gold. </p><p><br /></p><p>In the end, a monetary system is supposed derive its value from a sum total of a nations worth, not how much gold it can horde and sit on. Our so called worthless paper currency is no different than what our ancestors used gold and silver for...a way to represent wealth....it isn&#039;t the wealth, it represents it and almost anything can represent wealth. The real wealth is (and always has been) the land, the resources, the people and their production. Gold will not stop the collapse of a monetary systems or save you or our economy...its a good long term investment if you are buying the metal and a good investment to buy and sell in Gold notes if you so choose...but it would be disaster to try to go back to a gold standard, even as far back as our founding fathers this system was in question as to its realistic viability to sustain a modern economy.</p><p>&nbsp;</p><p><font face="Arial"><font size="2">Now, as for coins...I loves Silver and Gold. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></font></font>[/QUOTE]</p><p><br /></p>

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