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="Drusus, post: 1634288, member: 6370"]Excuse my long winded posts but I think I can sum up my point more succinctly. </p><p><br /></p><p>Let us accept that the natural properties of precious metals makes them ideal to be used as a measure of wealth. This simply means they are a good choice to serve as a medium of exchange, an object we can place perceived value upon, no different than a piece of paper but just much more durable. People are not buying and selling gold for the same reasons they buy and sell oil and other resources. In essence its value is fiat, like a dollar bill, just more durable. I would agree that silver is durable and paper can be burned and ripped but the real worth of a piece of paper with the right stamp on it is not that its physical properties make it ideal for printing any more than gold and silver derive their high value simply because their physical properties make them hard to destroy.</p><p><br /></p><p>I do not have an agenda but I am offering to dispose of all that worthless gold for you.[/QUOTE]</p><p><br /></p>
[QUOTE="Drusus, post: 1634288, member: 6370"]Excuse my long winded posts but I think I can sum up my point more succinctly. Let us accept that the natural properties of precious metals makes them ideal to be used as a measure of wealth. This simply means they are a good choice to serve as a medium of exchange, an object we can place perceived value upon, no different than a piece of paper but just much more durable. People are not buying and selling gold for the same reasons they buy and sell oil and other resources. In essence its value is fiat, like a dollar bill, just more durable. I would agree that silver is durable and paper can be burned and ripped but the real worth of a piece of paper with the right stamp on it is not that its physical properties make it ideal for printing any more than gold and silver derive their high value simply because their physical properties make them hard to destroy. I do not have an agenda but I am offering to dispose of all that worthless gold for you.[/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...