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<p>[QUOTE=&quot;Drusus, post: 1633058, member: 6370&quot;]But to base money on the availability of gold and silver is just as artificial placing arbitrary limits to value. By basing currency on gold and silver you are simply artificially tying your currency to an arbitrary finite resource. You can choose numerous other commodities that are just as finite and if you wish to artificially stunt the ability to inflate currency...then you also run the risk of complete stagnation as, of course, gold and silver is finite and you are basing your monetary system on how much of these few commodities a country can amass (and certainly they will try to amass it at any cost as was the case previously) when, in fact, a nation is worth FAR MORE than just how much gold and silver it can hoard. My whole point here was to say that if I were to be paid in gold, I am NOT being paid with anything of REAL value...as the value of gold is fiat, no different than the paper currency you value gold in and buy it with...its value is not based on anything save our assessment and that assessment is not based on how valuable or useful gold is as a commodity because its not useful and was even less useful pre-industrialization. </p><p><br /></p><p>I don&#039;t think my aversion to gold and silver as money is simple disillusionment as much as it is based on how modern economies work and how we assess a nations wealth. I simply don&#039;t think the gold standard makes sense today nor do I think it is viable or a correct and realistic way to assess the value of a nation and its currency. I think it would, in fact, be catastrophic and I think people who want to go back to the gold standard confuse real value with representation of value.</p><p><br /></p><p>Lastly, simply because something has been held as universal and correct for a long time doesn&#039;t mean that at one point it could not be found to be flawed or less than ideal. This rethinking and change is very common through our history.</p><p><br /></p><p>I mean no disrespect to anyone. This is a topic I hold strong opinions on but I certainly don&#039;t think anyone is stupid because they disagree. This is nothing more than a discussion about something I am very interested in and nothing more.</p><p><br /></p><p>So your gold is useless...send it all to me and i will dispose of it for you...<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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