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This guy doesn't like precious metals.
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<p>[QUOTE="Drusus, post: 1633872, member: 6370"]I don't believe this is correct...there are plenty of things that fit these four requirements you have set for something with no practical value to instead be HIGHLY valuable. You can use stones of many types...for instance soap stone or turquoise...almost anything is fungible, plenty of stones are divisible and certainly durable and portable...heck...plastic fits your requirement as does leather, hard wood, and if I want to waste enough time I have no doubt one could make a long list of things that could fit these requirements. To be honest some would be far more resistant to decay and corrosion, and more durable than copper and silver and not near as dense thus more portable than gold. Indeed the value is perceived and not intrinsic...especially today.</p><p> </p><p>I have no doubt modern science could easily develop some substance tailor made to fit all 4 criteria and I seriously </p><p>doubt that this would change your mind as to the value of gold (or the lack of). I think the reason for this would be:</p><p> </p><p>"I am clear about my agenda."</p><p> </p><p>Because you have an agenda concerning gold and continuing the perception that gold is inherently valuable. I can honestly say I don't care (unless someone tries to put us back on the gold standard) what people chose to spend their money on and horde away or what they think is precious. Certainly people have wondered why I would spend money to buy old money. It make no difference to me. At one time I thought gold was the way to go both the gold standard for our currency and to horde for is intrisic value. Nobody made me change my mind, it was just my own research into gold and monetary systems that made me see things differently. But...as long as people continue to hold the perception that it is highly valuable...it is...so investing in it is not foolish by any means.[/QUOTE]</p><p><br /></p>
[QUOTE="Drusus, post: 1633872, member: 6370"]I don't believe this is correct...there are plenty of things that fit these four requirements you have set for something with no practical value to instead be HIGHLY valuable. You can use stones of many types...for instance soap stone or turquoise...almost anything is fungible, plenty of stones are divisible and certainly durable and portable...heck...plastic fits your requirement as does leather, hard wood, and if I want to waste enough time I have no doubt one could make a long list of things that could fit these requirements. To be honest some would be far more resistant to decay and corrosion, and more durable than copper and silver and not near as dense thus more portable than gold. Indeed the value is perceived and not intrinsic...especially today. I have no doubt modern science could easily develop some substance tailor made to fit all 4 criteria and I seriously doubt that this would change your mind as to the value of gold (or the lack of). I think the reason for this would be: "I am clear about my agenda." Because you have an agenda concerning gold and continuing the perception that gold is inherently valuable. I can honestly say I don't care (unless someone tries to put us back on the gold standard) what people chose to spend their money on and horde away or what they think is precious. Certainly people have wondered why I would spend money to buy old money. It make no difference to me. At one time I thought gold was the way to go both the gold standard for our currency and to horde for is intrisic value. Nobody made me change my mind, it was just my own research into gold and monetary systems that made me see things differently. But...as long as people continue to hold the perception that it is highly valuable...it is...so investing in it is not foolish by any means.[/QUOTE]
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