Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
This guy doesn't like precious metals.
>
Reply to Thread
Message:
<p>[QUOTE="jolumoga, post: 1632332, member: 41780"]Well, I have heard that saying before, and honestly I am very skeptical of it. In any famine, or similar hypothetical scenario, it appears to be implied that the person is legless, immobile, and that the world is simplified to the point that there is no other option than to put food in the mouth or starve. Surely, someone in Ireland during the famine would have been willing to trade massive amounts of food for gold, or to take a wealthy Irishman with a boatload of gold to England or elsewhere on his fishing boat if need be, where there was no famine. There the Irishman with gold might live like a king and have his harem.</p><p><br /></p><p>Let's look at Ethiopia as an example. Surely, all other things equal, an Ethiopian with a truckload of gold fares better off than an Ethiopian farmer depending on good weather to survive. The Ethiopian with a truckload of gold may be able to bribe officials, taxi drivers -- someone, somewhere! -- to get him where he needs to go. He might already have money outside the country. On the other hand, food tends to spoil. So gold has an obvious advantage over food in being a medium of exchange, even in some extreme examples. Also, these examples seem to imply that food and gold are mutually exclusive. It is likely the person living in a vulnerable area with a large amount of gold has a large stash of nonperishable food, since they both fit under survivalism or just thinking ahead.</p><p><br /></p><p>To be honest, the idea that you "can't eat gold (or silver)" just seems like a fluoridated-brain argument.[/QUOTE]</p><p><br /></p>
[QUOTE="jolumoga, post: 1632332, member: 41780"]Well, I have heard that saying before, and honestly I am very skeptical of it. In any famine, or similar hypothetical scenario, it appears to be implied that the person is legless, immobile, and that the world is simplified to the point that there is no other option than to put food in the mouth or starve. Surely, someone in Ireland during the famine would have been willing to trade massive amounts of food for gold, or to take a wealthy Irishman with a boatload of gold to England or elsewhere on his fishing boat if need be, where there was no famine. There the Irishman with gold might live like a king and have his harem. Let's look at Ethiopia as an example. Surely, all other things equal, an Ethiopian with a truckload of gold fares better off than an Ethiopian farmer depending on good weather to survive. The Ethiopian with a truckload of gold may be able to bribe officials, taxi drivers -- someone, somewhere! -- to get him where he needs to go. He might already have money outside the country. On the other hand, food tends to spoil. So gold has an obvious advantage over food in being a medium of exchange, even in some extreme examples. Also, these examples seem to imply that food and gold are mutually exclusive. It is likely the person living in a vulnerable area with a large amount of gold has a large stash of nonperishable food, since they both fit under survivalism or just thinking ahead. To be honest, the idea that you "can't eat gold (or silver)" just seems like a fluoridated-brain argument.[/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
>
This guy doesn't like precious metals.
>
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...