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This guy doesn't like precious metals.
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<p>[QUOTE="Drusus, post: 1631621, member: 6370"]I am sure the people who live in places where corn (food) is rare and virtually unobtainable would much rather have the corn immediately. Certainly gold is far more rare than corn or paper but people can live their whole lives never NEEDING gold to survive. If there were no gold to be had, people would live on and most wouldn't miss it because they couldn't afford such an expensive luxury while the absence of grain and other foods would be disastrous. Still today the main use for gold is making jewelry, or investment...that is...just buying to horde and trade but never USING it. Does rarity alone dictate its value to mankind? The value of gold is rooted in it use in jewelry, decoration, and its traditional role as a representation of wealth which stems directly FROM its use as a luxury item. Of course in the modern world it has a few actual practical uses (very few).</p><p><br /></p><p>As for investment, like anything valued by mankind there is money to be made in trade.[/QUOTE]</p><p><br /></p>
[QUOTE="Drusus, post: 1631621, member: 6370"]I am sure the people who live in places where corn (food) is rare and virtually unobtainable would much rather have the corn immediately. Certainly gold is far more rare than corn or paper but people can live their whole lives never NEEDING gold to survive. If there were no gold to be had, people would live on and most wouldn't miss it because they couldn't afford such an expensive luxury while the absence of grain and other foods would be disastrous. Still today the main use for gold is making jewelry, or investment...that is...just buying to horde and trade but never USING it. Does rarity alone dictate its value to mankind? The value of gold is rooted in it use in jewelry, decoration, and its traditional role as a representation of wealth which stems directly FROM its use as a luxury item. Of course in the modern world it has a few actual practical uses (very few). As for investment, like anything valued by mankind there is money to be made in trade.[/QUOTE]
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