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<p>[QUOTE="Prime Mover, post: 1632535, member: 38783"]I don't disagree with you, but to play devil's advocate, I think the assumption that silver and gold will always be seen as innately valuable seems to be a fairly safe one given how far back in recorded history you hear of copper, silver and gold pieces being valued and used as "money". Humans have elevated those precious metals to higher status because of whatever reasons, but they have stayed elevated for millennia and could very well continue on for more millennia. Obviously there is no guarantee of that, you're correct that tomorrow someone could claim dandelion flowers as more precious than gold, and if it stuck, I'd be the richest man in New Jersey looking at my yard... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Now, to your point of carved jade, there's been many things throughout history that have been held valuable and used for barter, or for argument's sake, "money". To me the whole concept of "money" is attaching a value of something I have, to something you want and vice versa. Heck, today's word "salary" is derived from the soldiers being compensated in salt, since back then salt was very valuable for curing and keeping meats from spoiling - those who had it were considered "well off". But, I think (and please correct me if I'm wrong), during those times they also used gold and silver as currency, so someone could by the salt from the soldier. Some value had to be attached to the gold/silver and the salt to make it an even trade, and that value was probably subjective.</p><p><br /></p><p>The value of today's PM's is only worth what people are willing to pay to get it, how much they desire the metal as well as supply and demand. I think it's all really subjective, and as long as the human psyche continues to consider those metals precious and valuable, they will hold value, which is quantifiable in today's paper monetary system.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 1632535, member: 38783"]I don't disagree with you, but to play devil's advocate, I think the assumption that silver and gold will always be seen as innately valuable seems to be a fairly safe one given how far back in recorded history you hear of copper, silver and gold pieces being valued and used as "money". Humans have elevated those precious metals to higher status because of whatever reasons, but they have stayed elevated for millennia and could very well continue on for more millennia. Obviously there is no guarantee of that, you're correct that tomorrow someone could claim dandelion flowers as more precious than gold, and if it stuck, I'd be the richest man in New Jersey looking at my yard... :) Now, to your point of carved jade, there's been many things throughout history that have been held valuable and used for barter, or for argument's sake, "money". To me the whole concept of "money" is attaching a value of something I have, to something you want and vice versa. Heck, today's word "salary" is derived from the soldiers being compensated in salt, since back then salt was very valuable for curing and keeping meats from spoiling - those who had it were considered "well off". But, I think (and please correct me if I'm wrong), during those times they also used gold and silver as currency, so someone could by the salt from the soldier. Some value had to be attached to the gold/silver and the salt to make it an even trade, and that value was probably subjective. The value of today's PM's is only worth what people are willing to pay to get it, how much they desire the metal as well as supply and demand. I think it's all really subjective, and as long as the human psyche continues to consider those metals precious and valuable, they will hold value, which is quantifiable in today's paper monetary system.[/QUOTE]
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