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<p>[QUOTE="fatima, post: 1340080, member: 22143"]It is true that "value" is a human concept and without humans value is meaningless. Humans also build societies and for more than the most primitive of societies to exist, there needs to be some sort of currency beyond pure bartering. If not, the society can never progress to the specialized tool using phase and beyond. Since recorded times gold has been given the special role of being a currency and hence this is its intrinsic value. It possesses all the qualities needed for currency and it has out lasted countless governments that have tried to replace it with some sort of government sanctioned paper where the value is ultimately determined in a court room. </p><p><br /></p><p>The question of the OP is why should I invest in gold coin. IMO, once you understand this difference between gold coin, where the intrinsic value comes from the human need to have currency, and that of any paper investment where the value depends upon the confidence of the government the party lives under, then it should be pretty clear as to why. Why was demonstrated in this topic. Nobody can agree to the value of stocks, paper currency, paper anything and the disagreement, even amongst ladies and gentlemen, gets to the point of people being called liars, ignorant, etc by some. In comparison nobody here ever questioned the value of gold. </p><p><br /></p><p>This dichotomy is clear enough. If humanity lasts another 2000 years, the follies of any government will continue and they will come and go, and during the periods where legal definitions of paper value are meaningless, gold will still be the ultimate currency.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1340080, member: 22143"]It is true that "value" is a human concept and without humans value is meaningless. Humans also build societies and for more than the most primitive of societies to exist, there needs to be some sort of currency beyond pure bartering. If not, the society can never progress to the specialized tool using phase and beyond. Since recorded times gold has been given the special role of being a currency and hence this is its intrinsic value. It possesses all the qualities needed for currency and it has out lasted countless governments that have tried to replace it with some sort of government sanctioned paper where the value is ultimately determined in a court room. The question of the OP is why should I invest in gold coin. IMO, once you understand this difference between gold coin, where the intrinsic value comes from the human need to have currency, and that of any paper investment where the value depends upon the confidence of the government the party lives under, then it should be pretty clear as to why. Why was demonstrated in this topic. Nobody can agree to the value of stocks, paper currency, paper anything and the disagreement, even amongst ladies and gentlemen, gets to the point of people being called liars, ignorant, etc by some. In comparison nobody here ever questioned the value of gold. This dichotomy is clear enough. If humanity lasts another 2000 years, the follies of any government will continue and they will come and go, and during the periods where legal definitions of paper value are meaningless, gold will still be the ultimate currency.[/QUOTE]
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